On May 13, 2025, BlackRock's spot Bitcoin ETF IBIT recorded the longest streak of positive cash flow this year, attracting $5.1 billion, with Goldman Sachs becoming the largest holder. Could this signal a new growth wave for Bitcoin? Let's analyze in detail.


IBIT Sets Record: Institutional Cash Flow Influx

BlackRock's spot Bitcoin ETF #IBIT achieved a positive cash flow for 20 consecutive days, the longest among spot Bitcoin ETFs in 2025, attracting $5.1 billion (according to Farside). The total net asset value of spot Bitcoin ETFs in the U.S. reached $121 billion – the highest since January 2025 – as Bitcoin's price soared to $104,000. Analyst Eric Balchunas (Bloomberg) commented: “IBIT has garnered significantly more than other funds, indicating the return of hedge funds and 'whales', preparing for the next price surge.”


Goldman Sachs: The Largest Holder

Goldman Sachs emerges as the largest IBIT holder, with 30.8 million shares worth $1.4 billion, a 28% increase since the beginning of Q1 2025 (according to SEC filings discovered by MacroScope). Besides IBIT, Goldman Sachs owns 3.5 million shares of FBTC (the second-largest spot Bitcoin ETF), valued at $315 million, after purchasing an additional 30,000 shares in Q1. Earlier, December filings for #GoldManSachs reported an IBIT buy order of $157 million, an IBIT sell order of $527 million, and FBTC sales of $84 million, but these positions did not appear in the latest 13F filings.


Mathew McDermott, Head of Digital Assets at Goldman Sachs, shared: “If regulations allow the easy application of stablecoins, major financial institutions will accelerate the use of digital currency. We are closely monitoring the legal context to act in a timely manner.”


BlackRock Accelerates Crypto: Ethereum Staking

BlackRock not only leads with IBIT but also updates its S-1 filing with the SEC, proposing to allow direct payments in $ETH for ETF Ethereum fund clients instead of just using cash. The company also requested staking support for the Ethereum ETF, showing its ambition to expand in the crypto ecosystem.


Impact on the Crypto Market

This event brings many positive signals:



  • Increasing confidence: Crypto fund inflows reached $3.4 billion last week, with Bitcoin ETFs attracting $1.8 billion, and projected accumulations of $330 billion in Bitcoin by 2029.


  • Boosting Bitcoin: Price $BTC $104,000, with momentum from institutions like Goldman Sachs.


  • Altcoin growth: Ethereum ($2,500), Solana ($146), and $XRP ($2.31) benefit from the trend.


Future Prospects

If the upward momentum continues in the next 1-2 years, Bitcoin could reach $200,000 as forecasted by AllianceBernstein, especially with the participation of major institutions. The #BlackRock⁩ push for Ethereum staking could also boost DeFi, expanding the crypto ecosystem.


Conclusion: Will Bitcoin Reach a New Peak?

BlackRock's IBIT set a record with 20 days of positive cash flow, raising $5.1 billion, with Goldman Sachs leading the institutional holdings ($1.4 billion). Bitcoin's price reached $104,000, along with BlackRock's Ethereum staking move, promising a new growth wave. Investors should closely monitor to seize opportunities.


Risk warning: Crypto investment carries high risks due to price volatility and legal uncertainties. Please consider carefully before participating.