BlackRock Acquires 3% of All Bitcoins

At the beginning of June, flows into cryptocurrency exchange-traded funds (ETFs) showed a defensive trend: Bitcoin-focused funds lost nearly half a billion dollars, while Ethereum-based products extended their outflow streak to 15 trading days. At the same time, $XRP and $HYPE ETFs once again attracted fresh capital, indicating that investors are still making selective bets beyond the largest crypto assets.

On May 26, a large investor whose identity remains unknown sold $1.26 billion worth of BlackRock's Bitcoin ETF in a major over-the-counter (OTC) transaction. The entire position was sold below market price, contributing to Bitcoin's decline below the $73,000 level.

Bitcoin and Ether ETFs recorded outflows for a third consecutive day, signaling a shift toward a more cautious stance as investors continue reducing exposure following last week’s strong inflow streak. Smaller assets such as $XRP continue to attract selective investments, while Solana‑based products remain unchanged.

Bitcoin ETF inflows have become positive across all tracked periods, indicating a recovery in institutional demand for Bitcoin investments. Sustained inflows are significant as they can influence short-term Bitcoin price dynamics and the broader cryptocurrency market trend.

The world’s largest asset management company BlackRock acquired approximately $906 million worth of Bitcoin over the past week. The purchases were made through wallets associated with the iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF), according to analysts at Arkham Intelligence.