You can get out of these speculation circles, which really just want to sink your boat. Since the launch of the IBIT ETF (iShares Bitcoin Trust) in January 2024, BlackRock has been making recurring BTC purchases, as ETFs operate with daily capital inflows and outflows. This has been announced about 500 times.
In other words, when investors buy shares of the ETF, BlackRock needs to buy more Bitcoin to maintain backing.
💡Maintaining backing means that for every share of the ETF issued, there is an equivalent amount of real Bitcoin being held.
Example: If 1 million people buy shares of IBIT, BlackRock has to buy the equivalent in real BTC and keep it securely custodied, usually with companies like Coinbase Custody.
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📌 In May 2025; IBIT surpassed 300,000 BTC under management.
ETH also started to be regularly purchased as soon as the Ethereum spot ETF was released for trading. But these purchases are a reaction to investor demand, not a personal DCA strategy of the company.
Why is IBIT important? It brings more legitimacy to the crypto market. BlackRock's involvement shows that Bitcoin has become an asset accepted by Wall Street.
ABOUT ALTSEASON:
BlackRock buys BTC and ETH, not altcoins. It has no relation to altcoin speculation or hype cycles.
Altseason involves retail and traders seeking profit in smaller coins. BlackRock's entry CAN certainly heat up the market as a whole, but it is not what drives altcoins, nor does it contribute to the distribution for that to occur.
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Got it? 👊🏽🥷