In a major move that’s turning heads across global financial markets, BlackRock—the world’s largest asset manager—has made another significant Bitcoin acquisition. The firm reportedly purchased nearly $1 billion ($969.95 million) worth of BTC, marking its third-largest buy since launching its iShares Bitcoin Trust (IBIT).
💥BREAKING:
— Crypto Rover (@rovercrc) October 7, 2025
BLACKROCK BUYS $969,950,000 IN #BITCOIN. pic.twitter.com/cknhKobQSt
This bold purchase has propelled IBIT to the brink of a historic achievement: becoming the first Bitcoin ETF to approach $100 billion in assets under management (AUM). Such a milestone would not only solidify IBIT’s dominance but also signal a new era of institutional adoption for Bitcoin.
IBIT: BlackRock’s Fastest-Growing and Top-Earning ETF
Since its inception, IBIT has grown at a record-breaking pace. In less than two years, it has evolved into BlackRock’s most profitable exchange-traded fund (ETF)—a feat few could have predicted when it first launched.
The fund now holds over 769,000 BTC, valued at more than $95 billion based on current market prices. With a 0.25% management fee, BlackRock is generating approximately $244.5 million annually from IBIT alone.
To put this into perspective, the Vanguard S&P 500 ETF—one of the most popular funds globally—took more than 2,000 days to reach the $100 billion mark. In comparison, IBIT is on pace to achieve that figure in less than 450 days, making it the fastest-growing ETF in history.
Institutional Demand Surges as Other Giants Join In
BlackRock isn’t the only player doubling down on Bitcoin. Other major financial institutions like Fidelity and Bitwise have also made substantial BTC purchases recently, adding a combined $172.3 million to their portfolios.
Together with BlackRock’s latest acquisition, institutional investors have injected over $1.1 billion into Bitcoin in just a few days—demonstrating a growing appetite for digital assets among traditional finance giants.
What makes this wave of buying even more remarkable is its timing. Despite Bitcoin trading near its all-time high, these institutions continue to accumulate, signaling strong long-term conviction in the cryptocurrency’s future.
Bitcoin Nears Record High as Institutional Confidence Grows
Bitcoin is currently trading around $124,000–$125,000, just below its all-time high of $126,198.07 recorded on October 7. Traditionally, such price levels often trigger profit-taking among large investors—but not this time. Instead, they’re buying aggressively.
Here’s why:
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ETF Inflows Continue to Surge: Spot Bitcoin ETFs saw $3.2 billion in net inflows last week—the largest weekly inflow of 2025 and the second-highest on record. BlackRock’s IBIT alone attracted $1.78 billion.
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Long-Term Strategy: Institutional investors view Bitcoin not as a short-term trade, but as a long-term store of value—a hedge against inflation and economic uncertainty.
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Favorable Macro Environment: With U.S. interest rate cuts likely and regulatory clarity improving, many analysts believe this marks the beginning of a new accumulation phase.
What It Means for the Market: The Next Phase of the Bitcoin Bull Cycle
The continued inflow of institutional capital into Bitcoin ETFs is reshaping the crypto landscape. As more traditional investors embrace ETFs as mainstream financial instruments, Bitcoin’s legitimacy in global portfolios continues to strengthen.
If this trend continues—especially with large-scale buying happening at near-record prices—it could extend the current bull cycle well into 2026. Rising ETF demand, combined with Bitcoin’s post-halving supply constraints, may trigger another major price breakout by year’s end.
For now, BlackRock’s $1 billion buy reaffirms what many in the market already suspect: institutional belief in Bitcoin’s long-term potential is stronger than ever.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research (DYOR) before making any investment decisions.