BlackRock, one of the largest asset managers in the world, reached a historic milestone by controlling 700,000 bitcoins through its ETF. This event has significant implications for the cryptocurrency market.
BlackRock and Bitcoin: Facts and Figures
As of early 2024, iShares Bitcoin Trust (IBIT) ETF, managed by BlackRock, attracted over $75.5 billion and controls 700,307 BTC, accounting for over 55% of all bitcoins held in U.S. ETFs. IBIT shows an impressive return of 82.67% since its launch in January.
Cryptocurrency Market in Shortage
The sustained interest of institutional investors, such as BlackRock and MicroStrategy, creates tension in the market. While miners issued only $7.85 billion in bitcoins in 2025, institutions purchased $28.22 billion, indicating that demand exceeds supply and leading to concentration of bitcoins in the hands of large players.
The Future of Bitcoin ETFs and New Opportunities
Further innovations in ETFs, such as integrated staking in the REX-Osprey ETF, are expected to promote passive income development for investors. This transforms Bitcoin ETFs into tools of accumulation and yield, changing the understanding of bitcoins in the market.
By controlling a significant portion of bitcoins, BlackRock not only strengthens its position in the crypto market but also contributes to changes in investment strategies. These shifts highlight a new approach to bitcoins as a means of generating income, rather than merely a store of value.
