Another major milestone for BlackRock: Dominating the Bitcoin market! 💰🚀
The iShares Bitcoin Trust (IBIT) of the world's largest investment firm 'BlackRock' has reached new heights. Data shows that institutional investors' confidence in Bitcoin continues to grow.
Key figures:
🔹 Total holdings: IBIT now owns 806,700 BTC, worth about $63.7 billion.
🔹 Market share: BlackRock currently holds about 49% of the total US spot Bitcoin ETF assets.
🔹 Continued success: Net inflows for 9 consecutive trading days have made IBIT the market leader.
🔹 Market Trend: In the last 4 weeks, US spot Bitcoin ETFs have invested a total of $2 billion, with IBIT alone accounting for $1.7 billion.
Analysis:
The fact that nearly 85% of the investment is in just one ETF (IBIT) is a clear indication that large investors are now considering Bitcoin as an integral part of their portfolio. This trend is extremely positive for Bitcoin’s long-term value.
Does your portfolio include Bitcoin? Or are you still waiting for its ‘Bull Run’? Be sure to share your thoughts in the comments! 👇
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