Latest Updates In Ethereum And Bitcoin –BlackRock’s iShares Bitcoin ETF, with $370.2 million in daily inflows globally, is gaining significant traction among Indian institutional investors, as reported on July 10, 2025, by Blockchain Magazine.
With Bitcoin hitting a record $112,000, India’s financial firms, including mutual funds and wealth managers, are increasingly allocating to the ETF, signaling growing confidence in Bitcoin’s long-term value as a hedge against inflation and currency depreciation.
India’s crypto adoption, ranking first globally per a 1 Finance report, is driven by institutional interest, with platforms like CoinSwitch facilitating ETF access for high-net-worth individuals. BlackRock’s ETF, holding over 700,000 BTC, benefits from India’s vibrant crypto market, where Bitcoin dominates 60% of trading volume.
The fund’s success is tied to global trends, including U.S. Federal Reserve rate cut signals boosting risk assets, as noted in FOMC minutes. Bitcoin ETF assets under management nearing $150 billion, with India’s institutional players contributing to this growth.
However, the RBI’s warnings about Bitcoin’s volatility and potential dollarization pose challenges, as does the 30% crypto tax, which reduces returns.
The upcoming Finance Ministry discussion paper, expected by late July, could ease institutional entry by clarifying Bitcoin’s regulatory status.
While retail investors face high taxes, institutions see Bitcoin ETFs as a compliant way to gain exposure, but regulatory delays and cybersecurity concerns, including hacking risks, remain hurdles.
India’s embrace of Bitcoin ETFs underscores its maturing crypto market, with BlackRock’s fund poised to drive further adoption.
