The infographic shows the change in the volume of Bitcoin held by ETF funds in 2025 (YTD).

BlackRock is going against the market, buying BTC while other funds are selling, indicating the investment giant's high confidence in the future of BTC. This strengthens its position as a leader among ETFs on digital gold, but if other institutional players do not start buying, demand for Bitcoin will remain limited, which is likely to slow price growth, making it fragile and increasing BTC's dependence on a single fund.

Let's go further — if other funds do not increase purchases, investors may perceive IBIT as isolated speculation.

The scariest conspiracy theories about BlackRock's plans for Bitcoin are coming to life. Aladdin in action.