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Bitcoin prices remained above $122,000 on Thursday, driven by the important milestone of BlackRock’s IBIT Spot Bitcoin ETF assets under management (AUM) exceeding 800,000 BTC. The world’s largest cryptocurrency showed resilience after hitting a record high of $126,199 earlier this week, supported by strong institutional inflows and dovish signals from the Federal Reserve.

IBIT, launched by BlackRock in January 2024, has accumulated approximately 802,257 BTC, worth nearly $100 billion, accounting for approximately 3.8% of the total Bitcoin supply. This rapid growth has been driven by massive net inflows, with the ETF receiving 3,510 BTC yesterday, bringing its total holdings to over 800,000 BTC.

The surge in institutional interest is particularly evident in the broader ETF market, with the U.S. Spot Bitcoin ETF attracting more than $60 billion in cumulative inflows since its launch. Recent data shows an impressive eight consecutive days of positive inflows totaling over $5.7 billion, with IBIT alone accounting for $4.1 billion.

Eight consecutive days of ETF inflows underscore ongoing structural demand, while corporate finance participation continues to expand, adding ballast to the narrative of Bitcoin as a strategic reserve asset.

With the success of ETFs, one notable trend that has emerged is that more and more companies are adding Bitcoin to their corporate coffers. This week, DDC Enterprise Limited announced a $124 million equity financing round to expand its Bitcoin holdings. This follows a pattern of growing corporate interest in Bitcoin as a treasury asset, which sees it as a hedge against inflation and currency devaluation.

The corporate vault trend has gained significant momentum, with BlackRock’s ETF currently holding more Bitcoin than Michael Saylor’s MicroStrategy, which holds approximately 640,031 BTC (3.1% of the total supply). This shift represents a broader institutional acceptance of Bitcoin as a legitimate asset for national debt.

Bitcoin markets received additional support from the latest signal from the Federal Reserve. Minutes from the September meeting showed that about half of policymakers expected two more rate cuts before the end of the year, helping to boost positive sentiment in risk assets.

A new report from CryptoQuant shows that despite Bitcoin hitting new all-time highs, profit-taking activity remains relatively low, suggesting there is still potential for continued upward momentum.

Bitcoin continues to strengthen as a mainstream financial asset as geopolitical tensions ease and institutional adoption increases. The market appears poised for further gains in the fourth quarter of 2025 as corporate vault adoption accelerates and ETF inflows maintain momentum.

The combination of strong institutional demand, a favorable monetary policy outlook, and growing corporate adoption suggests that Bitcoin’s current price levels may be underpinned by more substantial fundamentals than previous bull runs.

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