Goldman Sachs increased its IBIT holdings by 28%, becoming the largest known investor in BlackRock’s spot Bitcoin ETF. IBIT recorded 20 straight days of net inflows, totaling $5.1 billion—the longest streak of 2025. Total net assets of U.S.-based Bitcoin ETFs have surpassed $121 billion. Bloomberg analysts attribute the inflows to hedge fund strategies and institutional buying. Goldman also holds a significant stake in FBTC, signaling rising institutional interest in crypto assets.