BlackRock continues to assert its active presence in the cryptocurrency market, controlling a significant stake in Bitcoin through its ETF. This article examines the impact of the company on the market and general trends among investors.
BlackRock's Growing Weight in Bitcoin ETF
The BlackRock fund, known as the iShares Bitcoin Trust (IBIT), has become a key player in the market within 18 months. It currently manages assets worth $69.7 billion, accounting for 54.7% of the US Bitcoin ETF market share. This amount corresponds to 3.25% of all Bitcoin in circulation, indicating a strategic accumulation by institutional investors.
Market Dominated by Large Players
According to data, 89% of transactions on the Bitcoin network exceed $100,000. This proves that major investors are now dictating the rules of the game, as small holders gradually exit the market. The average volume per transaction reaches $36,200, highlighting this trend.
The Future of Bitcoin and Institutional Investments
Research from CryptoQuant indicates that the number of short-term Bitcoin holders has decreased from 5.3 to 4.5 million BTC in less than a month. This drop of 800,000 BTC highlights a slowdown in retail activity. If this trend continues, the market may transition into a new era dominated by ETFs and institutional investments.
The activity of BlackRock and the growing share of institutional investors in the Bitcoin market underscore a shift in investment structures. Overall trends indicate that large players are becoming dominant, potentially changing the future of Bitcoin in the market.
