BlackRock’s IBIT takes HALF of Bitcoin ETF market! – Details inside

Key Takeaways

How is BlackRock’s IBIT driving Bitcoin’s momentum?

IBIT added $199 million in daily inflows and held 3.84% of Bitcoin’s supply, making it the leading institutional force.

What does the broader ETF market show?

Total U.S. Spot Bitcoin ETFs reached 6.6% of the circulating supply, with combined holdings surpassing 1.3 million BTC.

Institutional investors are shaping Bitcoin’s [BTC] rally through sustained inflows into Spot ETFs and Derivatives.

BlackRock’s iShares Bitcoin Trust (IBIT) dominated the market, pulling the largest share of volume and steering sentiment. In fact, U.S. Spot Bitcoin ETFs now hold 6.6% of the circulating supply, while corporate treasuries account for another 7.22%.

Together, they highlight how institutional accumulation has become a critical pillar of Bitcoin’s price strength.

A closer look showed that IBIT could impact Bitcoin more.

Source: Eric Balchunas/ X

IBIT options volume surges

The options market has shown a strong bullish tilt in recent sessions, led by BlackRock’s IBIT. Total Open Interest Delta reached $10.65 billion, at press time, reflecting a surge in bullish positioning.

At the same time, the Call/Put Ratio hit 4.4—more than four times above the neutral level of 1. A ratio at this level indicated that call contracts far outweigh puts, a classic sign of heightened bullish sentiment.

Source: SosoValue

IBIT controlled over 95% of this Open Interest Delta, valued near $10.45 billion. By comparison, Grayscale’s exposure stood close to $200 million, according to SosoValue.

BlackRock’s IBIT extends dominance in ETFs

IBIT’s dominance was not confined to derivatives. At press time, it accounted for more than 50% of the U.S. spot Bitcoin ETF market, representing 3.84% of the circulating Bitcoin supply.

Bloomberg analyst Eric Balchunas called the scale unprecedented, noting

“An equity ETF would need $2.2 trillion in assets to have as much ownership of its underlying asset class. For perspective, SPY owns 1.1% of most stocks and it’s 32 years old — IBIT is still a toddler.”

In the past 24 hours, U.S. Spot Bitcoin ETFs recorded $429.96 million in inflows, with IBIT contributing $199.43 million. That reinforced its role as the leading driver of institutional demand.

Source: SosoValue

Such inflows signal that buyers are actively placing bids and accumulating ahead of an expected upswing in price.

Broader market turns supportive

CryptoQuant data showed the Funds Market Premium flipped positive with a 0.24 reading, at the time of writing, reflecting stronger bid pressure.

Meanwhile, total ETF holdings reached 1.3 million BTC, and daily trading volume topped $4.6 billion.

Source: CryptoQuant

This setup suggested that traditional investor flows were strengthening Bitcoin’s base, creating room for further upside. At press time, Bitcoin traded at $116,228, with $120,000 now within reach if momentum persisted.