BlackRock Bitcoin ETF Surpasses 50% Market Share Despite Sell-off: Will BTC Price Soar?
Feb 22, 2025
BlackRock's Growing Dominance in the Bitcoin ETF Market
BlackRock’s Bitcoin ETF has achieved a major milestone, controlling 50.4% of the US Bitcoin ETF market with holdings of $56.8 billion in Bitcoin. This significant achievement comes just a year after the launch of US spot Bitcoin ETFs in January 2024, cementing BlackRock’s influence in the cryptocurrency industry.
Despite BlackRock’s increasing dominance, the overall Bitcoin ETF market experienced $364 million in outflows over three consecutive days, including a $112 million outflow from BlackRock’s iShares Bitcoin Trust ETF (IBIT) on February 20. This sell-off indicates short-term uncertainty among institutional investors, but many see it as a potential buying opportunity as the market stabilizes.
Currently, Bitcoin (BTC) is trading at $96,500, marking a 2% decline in the last 24 hours. It briefly dropped to $94,900 before rebounding above the key $96,000 level, indicating strong support at $93,000. However, the ongoing selling pressure remains a challenge, testing Bitcoin’s bullish momentum.
Is Bitcoin Primed for a Rebound?
Despite short-term outflows, BlackRock’s growing control over the Bitcoin ETF market highlights sustained institutional interest. The continued expansion of Bitcoin ETFs indicates that institutional adoption remains robust, supporting Bitcoin’s potential for a price recovery.
As BlackRock strengthens its market dominance, Bitcoin could experience renewed buying interest, especially if market sentiment stabilizes. Analysts are closely watching the $96,000 support level, as maintaining this level could trigger a rebound toward the critical $100,000 mark.
Key Takeaways:
BlackRock’s Bitcoin ETF now holds 50.4% of the US market, with $56.8 billion in BTC holdings.
Bitcoin ETFs witnessed $364 million in outflows, including $112 million from BlackRock’s IBIT.
Short-term volatility persists, but institutional adoption remains strong, signaling long-term growth potential.
Institutional Inflows Signal Renewed Confidence
On February 22, BlackRock’s Bitcoin ETF recorded a $21.6 million inflow, reinforcing institutional confidence. This influx of funds coincided with a 10% increase in BTC’s trading volume to $32.4 billion, compared to $29.5 billion the previous day.
Positive sentiment extended beyond Bitcoin, as Ethereum (ETH) gained 1.7%, reaching $3,200 with a trading volume of $14.5 billion.
Additionally, technical indicators suggest a bullish outlook, with Bitcoin’s Relative Strength Index (RSI) at 68, indicating strong buying pressure. The Moving Average Convergence Divergence (MACD) also signaled a bullish crossover, reinforcing the positive momentum.
Following BlackRock’s ETF inflow announcement, trading volume for BTC/USDT on Binance surged to $4.2 billion within the first hour, reflecting heightened market activity.
Key Takeaways:
Bitcoin is facing selling pressure but maintains support at $93,000.
BlackRock's ETF now dominates 50.4% of the US Bitcoin ETF market, highlighting its influence.
A $21.6 million institutional inflow into BlackRock’s ETF reinforces market confidence.
Bullish technical indicators suggest potential upside movement.
Bitcoin (BTC/USD) Technical Analysis: Key Levels to Watch
Currently, Bitcoin (BTC/USD) is trading at $96,500, consolidating after a sharp pullback from the $98,100 resistance level. The drop followed rejection at the descending trendline, indicating persistent selling pressure near $99,500.
Bitcoin is now struggling to stay above the 50-Day Exponential Moving Average (EMA) at $96,900, which is acting as dynamic resistance.
If BTC fails to reclaim the $96,900 level, it may retest the immediate support at $95,200. A break below this level could push Bitcoin toward $93,700.
On the upside, if Bitcoin regains momentum above $96,900, it could challenge the $98,100 resistance level. The $96,900 pivot point remains crucial, determining Bitcoin’s next move.
BTC Bull: Earn Bitcoin Rewards
BTC Bull ($BTCBULL) is gaining traction as a community-driven, meme-powered token that rewards its holders with real Bitcoin. Unlike traditional tokens, BTC Bull automatically airdrops BTC to holders when Bitcoin reaches key price milestones, making it an attractive option for early adopters and long-term investors.
Additionally, BTC Bull offers a staking feature with a high 169% annual yield, allowing users to earn passive income while contributing to the token’s ecosystem. Currently, the total staking pool stands at 620,764,851 BTCBULL, ensuring sustainable rewards for investors.
The presale is live, with tokens available at $0.002375 each. So far, over $2.58 million has been raised, closing in on the $3.07 million target. With an impending price increase, now is an excellent time for investors to secure BTCBULL tokens and maximize potential rewards.
FAQs
1. What is BlackRock’s market share in Bitcoin ETFs?
BlackRock’s iShares Bitcoin Trust ETF (IBIT) currently controls 50.4% of the US Bitcoin ETF market, with holdings totaling $56.8 billion.
2. Why did Bitcoin ETFs experience outflows?
Bitcoin ETFs saw $364 million in outflows due to short-term investor uncertainty and profit-taking. However, institutional adoption remains strong, signaling potential for long-term growth.
3. What are Bitcoin’s key support and resistance levels?
Support Levels: $96,000, $95,200, and $93,700.
Resistance Levels: $96,900, $98,100, and $99,500.
4. How does BTC Bull reward holders?
BTC Bull airdrops real Bitcoin to token holders when Bitcoin reaches specific price milestones. It also offers a 169% annual staking yield, providing passive income opportunities.
5. Is Bitcoin expected to recover soon?
If Bitcoin holds above $96,000 and breaks past $96,900, it could trigger a rally toward $98,100 and eventually $100,000. Institutional inflows and bullish technical indicators support this outlook.
