New update 🫶💥

BlackRock's spot Bitcoin ETF made a significant purchase on July 28, buying 1,230 BTC worth approximately $147.4 million. This brings their total holdings to over 739,000 BTC. Here's what this means

- *Increased Institutional Confidence*: This substantial investment signals growing institutional confidence in Bitcoin as a legitimate asset class.

- *ETF Growth*: BlackRock's iShares Bitcoin Trust (IBIT) has quickly gained traction, becoming one of the most popular Bitcoin ETFs in the market.

- *Market Impact*: The surge in ETF inflows, led by BlackRock's IBIT and Fidelity's FBTC, reflects a broader shift toward institutional adoption and long-term investment strategies.

*BlackRock's Bitcoin Holdings:*

- *Current Holdings*: Over 739,000 BTC, with the exact figure possibly being higher at around 717,388 to 720,000 BTC based on different reports.

- *Percentage of Total BTC Supply*: Approximately 2.7% of the total Bitcoin supply, according to some estimates.

- *Growth Potential*: Analysts predict that BlackRock's Bitcoin ETF could reach $100 billion in assets under management soon, driven by increasing institutional demand and market momentum #BlackRocks #BlackRockRevolution #BitcoinDunyamiz #Bitcoin❗ #CryptoClarityAct