BlackRock’s Bitcoin ETF has surpassed 500,000 BTC holdings, becoming the third-largest Bitcoin holder. With $48 billion in assets, BlackRock’s growing influence raises questions about Bitcoin’s decentralization and its future in traditional finance.
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BlackRock’s Bitcoin ETF, IBIT, has reached a new milestone, surpassing $42.5 billion in assets. This explosive growth, driven by aggressive Bitcoin purchases and strong investor demand, makes IBIT a leading player in the ETF market.
In just two days, BlackRock, the firm that created the IBIT Bitcoin ETF, has purchased more than $680 million worth of Bitcoin. These ostensibly massive purchases most likely occurred at the same time as IBIT’s price and popularity skyrocketed. Source:
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