BlackRock Bitcoin ETF: Significant Impact on BTC Market with 700,000 BTC

by Giorgi Kostiuk

5 hours ago

BlackRock has amassed Bitcoin assets, reaching 700,000 BTC in just 18 months, significantly impacting the market.

700,000 BTC Achievement

BlackRock's iShares Bitcoin ETF (IBIT) has accumulated 700,000 BTC in a short period, showcasing the growing interest from institutional investors.

Impact on Bitcoin Market

According to Nate Geraci, President of The ETF Store, "iShares Bitcoin ETF now holds over 700,000 BTC.... Did this in 18 months. Ridiculous." This has led to IBIT becoming a dominant player in the crypto-ETF market, altering trading structure.

iShares Bitcoin ETF now holds over 700,000 BTC... Did this in 18 months. Ridiculous.Nate Geraci

Consequences for Crypto Investments

The accumulation in IBIT exceeds that of MicroStrategy and Grayscale. This asset concentration may affect Bitcoin's liquidity and require changes in participants' market strategies.

The success of BlackRock in crypto investments highlights the importance of institutional interest and potential future changes in the financial landscape.

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