BlackRock’s iShares Bitcoin Trust (IBIT) is quickly becoming a dominant force among crypto-linked investment vehicles.
The fund has broken into the top 15 most traded ETFs of 2025, currently holding the 13th position—just behind the high-octane SOXL fund. While SPY maintains its long-standing lead, IBIT’s rise underscores growing institutional appetite for direct Bitcoin exposure.
In line with that trend, BlackRock has been actively adjusting its Bitcoin holdings. This June alone, the firm acquired over $930 million worth of BTC, offset by around $260 million in liquidations. The moves suggest active portfolio management rather than hesitation, with the company still showing strong net accumulation.
Bitcoin’s price has mirrored this activity with volatile swings. After peaking near $111,800 in late May, it dropped to $100,000 before recovering to the $107,000 range. Despite short-term fluctuations, the asset remains up 5% over the month and over 60% since June 2024. Technical analysts point to the $110,000 level as a key resistance; a breakout could set the stage for another surge.
Changelly’s forecast places Bitcoin at a potential $120,900 by early July, a 12% increase from current prices. With institutions like BlackRock continuing to inject capital, and retail investors slowly returning to the market, momentum could build quickly.
The broader takeaway? Bitcoin’s growing integration into traditional finance is reshaping how the market moves. Once driven largely by retail hype, the narrative is shifting toward structured, strategic investments—paving the way for a more mature and resilient crypto landscape.
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