● BlackRock's Bitcoin ETF assets approach $70 billion, with increased interest from institutional investors
According to Cointelegraph, BlackRock's spot Bitcoin ETF assets under management are approaching $70 billion, showing increased interest from institutional investors despite a slowdown in retail inflows. BlackRock holds more than $6.97 billion in Bitcoin through its iShares Bitcoin Trust ETF, accounting for 3.25% of the total supply.
BlackRock's ETFs account for 54.7% of the US spot Bitcoin ETF market share, and these ETFs hold a total of 6.12% of the Bitcoin supply.