BlackRock now holds 696,874 $BTC worth $74 billion for its spot Bitcoin ETF.

BlackRock's iShares Bitcoin Trust (IBIT) recently reached a significant milestone, holding approximately 694,400 Bitcoins worth over $74 billion. This impressive figure showcases the growing institutional interest in Bitcoin and the success of BlackRock's spot Bitcoin ETF. Here's a breakdown¹:

- IBIT Holdings: 694,400 Bitcoins

- Market Value: Over $74 billion

- Market Share: Part of the 1.23 million Bitcoins controlled by combined ETFs, roughly 6.2% of the total circulating supply

It's worth noting that BlackRock's Bitcoin ETF has been performing well, with $16.6 billion in inflows since its launch, accounting for 26% of the company's total ETF inflows in 2024. This growth has helped BlackRock's IBIT surpass the Grayscale Bitcoin Trust (GBTC) as the world's largest spot Bitcoin ETF.#StrategyBTCPurchase $BTC