BlackRock’s iShares Bitcoin Trust (IBIT) is emerging as a dominant player in the Bitcoin ETF space this year, accumulating over 19,500 BTC while other ETFs are offloading holdings, according to Julio Moreno, Head of Research at CryptoQuant.
In a post shared on X (formerly Twitter), Moreno pointed to stark contrasts in ETF behavior, suggesting growing market uncertainty and diverging institutional strategies.
The data shows IBIT gained 19,514.4 BTC year-to-date, a significant rise amid a broader trend of ETF sell-offs. Meanwhile, top names like Grayscale’s GBTC led outflows, shedding nearly 15,256.6 BTC from its reserves.
Other ETFs, including FBTC, BRRR, BTCO, and BITB, also showed varying levels of Bitcoin reduction.
“This contrast highlights BlackRock’s long-term conviction while others adjust to short-term market conditions,” Moreno noted.
Blackrock is buying Bitcoin… but basically every other ETF is selling.
Other ETFs need to join the party to generate Bitcoin demand growth. pic.twitter.com/OrT7Gcih2I
— Julio Moreno (@jjcmoreno) April 17, 2025
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/blackrocks-bitcoin-etf-adds-19k-btc-while-rivals-sell-off/