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BlackRock bought more Bitcoin than any other exchange-traded fund (ETF) last week.
BlackRock's iShares Bitcoin Trust led all ETFs with $612 million in net Bitcoin inflows last week.
KEY POINTS
- IBIT holders are facing about $12 billion in unrealized losses, with an average buy price near $89,000.
- Institutional investors like BlackRock are absorbing Bitcoin supply, shifting market dynamics away from retail-driven cycles.
- BlackRock filed for a Bitcoin Yield ETF (BITA) on April 1, 2026, aiming to generate income via options strategies.
- BITA will combine Bitcoin, cash, IBIT shares, and covered-call options to provide yield-focused exposure.
COMPANIES
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