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BlackRock's ETF Adds $2.37 Billion in Bitcoin Holdings

ETFETFBTCETFBILL



By Coincu

20 hours ago

•

3 mins read



Table of Contents

BlackRock’s $2.37 Billion Bitcoin Purchase Highlights Loyal Crypto Strategy

Bitcoin Price Dynamics Amid BlackRock’s Expanding Crypto Dominance

Key Points:

BlackRock increases Bitcoin holdings by 25,430 BTC, valued at $2.37 billion.

Substantial inflow strengthens BlackRock's hold on Bitcoin ETF market.

BlackRock now possesses over 3% of Bitcoin's circulating supply.

BlackRock's iShares Bitcoin Trust (IBIT) has significantly increased its Bitcoin holdings, purchasing 25,430 coins valued at approximately $2.37 billion over the past week. The total holdings now exceed 601,000 BTC, highlighting BlackRock's continued influence in the cryptocurrency market.

This noteworthy acquisition by BlackRock enhances its position as a leading player in the Bitcoin ETF space, controlling more than 3% of the circulating Bitcoin supply. The move underscores growing institutional interest in Bitcoin as a valuable investment asset.