Record Inflows for Blackrock IBIT
In May 2025 BlackRock’s IBIT Bitcoin ETF set the all time record of inflows with just over $6.2 billion. IBIT is already the largest Bitcoin ETF dominating all the others in the market. The previous record was set in March of 2024 and with the recent surge in Bitcoin interest inflows have significantly been increasing over the last several months. IBIT accounted for 90% of total inflows across all Bitcoin ETFs. Blackrock has been very intentional in it's marketing and customer education in Bitcoin while others have been mostly passive.
Bitcoin vs Gold ETFs over last 5 Weeks
Over the last 5 weeks it has been amazing to see the inflows and outflows across two of the biggest non stock assets in the market. Bitcoin beat Gold by a tremodus margin. Bitcoin ETFs set record $9B inflows while Gold ETFs faced $2.8B outflows. This surge highlights growing interest in Bitcoin among institutional investors. The trend suggests strong market confidence in crypto-backed assets.
Public Companies Adding Bitcoin
Seems like every day we hear of another public company purchasing Bitcoin for their treasury. This trend will continue over the next months and years in crypto. The huge difference between these corporations and the ETFs is these corporations purchases are long-term and held on balance sheets as strategic assets. So when companies buy the hold!
Top 5 Public BTC Holders (by Market Cap):
- MicroStrategy: 580,250 BTC (~$60.25B)
- Marathon Digital Holdings: 48,237 BTC (~$5B)
- Riot Platforms: 19,211 BTC (~$1.99B)
- CleanSpark: 12,101 BTC (~$1.26B)
- Tesla: 11,509 BTC (~$1.19B)
While Bitcoin ETFs are having record setting inflow public corporations are still outpasing them over the last few quarters. With all the Bitcoin purchased I am not sure how much Bitcoin will continue to be available as supply levels continue to get depleted.
Quick Hits
- PSG adopts Bitcoin and a few days later they win the Champions League. I guess Winners Win.
- Banco Santander, the Spanish Banking giant looking to make Bitcoin and stablecoins available to 175 million retail clients.
- Meta official rejects shareholder Bitcoin treasury proposal. Could be a epic mistake for Meta.
- Fidelity says Bitcoin fundamentals "appear stronger than ever".
- Trump Media just closed it's $2.5 Billion deal to buy Bitcoin and Crypto.
