Yo, BlackRock just broke records with its iShares Bitcoin Trust (IBIT) pulling in $70 billion AUM in less than a year. Compare that to the SPDR Gold Trust, which took 4.5 years to hit the same mark. Bitcoin is definitely the new gold flex.
Since launching in Jan 2024, IBIT’s gains are crazy — tripling Fidelity’s Bitcoin ETF market cap and scooping up 3.3% of Bitcoin’s max supply. Just in the last few weeks, IBIT bought another $2.5B worth of BTC. Institutional hype? Check.
Meanwhile, crypto whales are making big moves too. Whale Alert spotted two huge BTC transfers (875 and 997 BTC) from Kraken to unknown wallets in under an hour. Usually, whales move coins to cold storage for long-term holding—not selling. This signals strong faith in Bitcoin’s future.
With ETFs booming and whales stacking, both retail and institutional investors are all in on BTC as a major asset for the long haul.
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