BlackRock Holds Significant Bitcoin Stake with IBIT ETF
- BlackRock’s Bitcoin ETF (IBIT) owns 3.8% of the total Bitcoin supply, equating to approximately 768,264 BTC.
- The ETF launched last year and currently has $87.7 billion in net assets.
- In Q3, Bitcoin ETFs collectively attracted $7.8 billion, bringing year-to-date inflows to $21.5 billion and total inflows since inception to $57 billion.
- BlackRock is now the second-largest holder of Bitcoin, following Satoshi Nakamoto, who holds approximately $1.12 million BTC.
- If current trends continue, BlackRock may surpass Satoshi as the largest holder by next summer.
The rapid growth of BlackRock’s IBIT ETF highlights its significant impact on the Bitcoin market, contributing to a price increase of about 340% since its launch.
With a substantial stake in Bitcoin and ongoing inflows into its ETF products, BlackRock’s influence in the cryptocurrency space continues to expand significantly.(Source)
