- IBIT of Blackrock achieved $ 32 million of revenues in the first quarter of 2025.
- The price faces the resistance of approximately 100 thousand dollars; The next goal is $ 102.5 K.
Blackrock unveiled $ 32 million of Bitcoin ETF, ISHARES Bitcoin Trust (IBIT), in New SEC file. The company also reached $ 47.78 billion in net assets at the end of the first quarter of 2025, a decrease from 51.52 billion dollars in the fourth quarter of 2024.
Although prices are corrected, institutional demand remained strong. The shares version exceeded the recovery by 43 million in the first quarter. The total number of suspended shares was 1.013 billion. However, NAV decreased from $ 53.09 to $ 47.14. NAV reached its climax at $ 60.61 on January 21, and the bottom reached $ 44.62 on March 10.
The operational costs remained low compared to the size of the assets. Shepherd fees reached $ 33.04 million. The waiver of the promotional fees of the first $ 5 billion in assets provided $ 178,082, despite its expiration in January 2025. Coinbase was the primary guardian, but Blackrock added Anchorage Digital in April 2025 to reduce the risk of birds.
The dismissal of the Supreme Education Council in February from Coinbase’s lawsuit removed a major legal accumulation. Meanwhile, President Trump’s executive order to create a “strategic bitcoin reserve” for the United States has suggested legislation to purchase a million BTC in five years may reshape the ETF scene. IBIT is trading at $ 56 on the market before the market.
Bitcoin in today’s market
Bitcoin (BTC) is trading at 99,178.74 dollars, an increase of 2.13 % in the past 24 hours. Its roof on the market is $ 1.96 trillion, and an increase of 2.15 %. Trading Rise 66.11 % to 54.91 billion dollars, with the maximum market rate by 2.82 %. From a technical point of view, BTC faces resistance near $ 100,000.
If this is broken, the next goal may be $ 102,500. Immediate support lies at $ 96,000. Low below, BTC may see a $ 93,500 test. The RSI (RSI) index stands at 69.96, and is approaching the peak area.
RSI averages in 59.94, indicating a short -term bullish momentum. Bitcoin is trading over each of the 9-term transportation averages, which are currently 97,926 dollars and $ 96,118, respectively. The last upscale MA crossing reinforces upward momentum.
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