BlackRock Crushes The Competition With Over 50% Of The Bitcoin ETF Market

The BlackRock Bitcoin ETF now dominates the market with over 50% of assets under management, solidifying its position as a leader among ETF issuers in the United States. This momentum comes as Bitcoin ETFs experience three consecutive days of withdrawals, testing the resilience of BTC.

BlackRock crushes the competition and dominates the Bitcoin ETF market with over 50%

According to data, BlackRock currently holds over $56.8 billion in Bitcoin, representing 50.4% of the assets under management of all U.S. Bitcoin ETF issuers, whose total assets exceed $112 billion. This milestone is reached just over a year after the approval and launch of the first Bitcoin ETFs in the United States on January 11, 2024.

However, Bitcoin ETFs are going through a period of outflows. According to Farside Investors data, these funds experienced a third consecutive day of net outflows on February 20, 2025, with a total of $364 million in net sales. BlackRock’s iShares Bitcoin Trust ETF (IBIT) contributed $112 million to these withdrawals.

A growing influence on the market

This trend is set against a backdrop of uncertainty for the crypto market. Despite these capital outflows, the Bitcoin price remains resilient, hovering around $98,000. Indeed, this price stability suggests that ETF sales are not yet significantly impacting the overall BTC market, which continues to be influenced by other macroeconomic factors and the interest of institutional investors.

Speaking of institutions, the head of the Czech National Bank emphasizes that Bitcoin should not be feared, but studied. In a recent statement, he highlights that the queen of crypto represents an intriguing asset, deserving of thorough analysis rather than systematic distrust. This position reflects a growing openness of financial institutions towards BTC.

The meteoric rise of BlackRock’s Bitcoin ETF thus illustrates the growing appetite of traditional investors for cryptocurrencies through regulated financial products. By becoming the sector leader with over half of the assets under management, BlackRock strengthens its key role in the institutional adoption of BTC.