BlackRock’s Bitcoin ETF (IBIT) Now Holds Over 500,000 BTC

BE[IN]CRYPTO12-03 22:30

BlackRock's IBIT now holds over 500,000 BTC worth $48 billion, solidifying its position as the third-largest holder globally. Rapid accumulation underscores Bitcoin’s mainstream acceptance but sparks ...

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This positions BlackRock as the third-largest Bitcoin holder globally, trailing only Bitcoin’s pseudonymous creator, Satoshi Nakamoto, and crypto exchange giant Binance.With holdings worth approximately $48 billion, BlackRock’s influence in the crypto market is expanding fast.BlackRock’s Bitcoin strategy extends beyond ETFs. The firm has also increased its exposure to Bitcoin through investments in MicroStrategy, the largest corporate holder of Bitcoin. This move reflects BlackRock’s confidence in Bitcoin’s long-term value proposition and its intent to dominat","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","HODL":"VanEck Bitcoin Trust ETF","GBTC":"Grayscale Bitcoin Trust","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4581":"高盛持仓","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4504":"桥水持仓","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU1989771016.USD":"东方汇理环球老龄化投资基金 A2 Acc","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","IE00BVYPNW00.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) ACC","IE00BDGV0183.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) INC","LU1509826696.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) INC B","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","LU0731783048.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) INC MONTHLY (G)","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BRRR":"Valkyrie Bitcoin Fund","FDN":"First Trust Dow Jones Internet I","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","EZBC":"Franklin Bitcoin ETF","BLK":"贝莱德","LU0772969993.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","BTC":"Grayscale Bitcoin Mini Trust","LU0742537680.HKD":"FIDELITY GLOBAL DIVIDEND \"A \" (HKD) INC","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","IBIT":"iShares Bitcoin Trust","BK4534":"瑞士信贷持仓","LU1481011911.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USDHDG) INC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","BITO":"ProShares Bitcoin ETF","BTCO":"Invesco Galaxy Bitcoin ETF","BTCW":"WisdomTree Bitcoin Fund","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BITB":"Bitwise Bitcoin ETF","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","FBTC":"Fidelity Wise Origin Bitcoin Fund","IE00BVYPNV92.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) ACC","BK4550":"红杉资本持仓","DEFI":"Hashdex Bitcoin ETF"},"translate_title":"BlackRock的比特币ETF(IBIT)目前持有超过500,000 BTC","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC":1,"GBTC":1,"FDN":1,"FBTC":1,"EZBC":1,"DEFI":1,"BTCW":1,"BTCO":1,"BRRR":1,"BLK":1,"HODL":1,"IBIT":1,"BITO":1,"BITB":1},"content_text":"BlackRock's IBIT now holds over 500,000 BTC worth $48 billion, solidifying its position as the third-largest holder globally.\nRapid accumulation underscores Bitcoin’s mainstream acceptance but sparks concerns over decentralization risks.\nIBIT’s rapid growth reflects soaring institutional interest, with inflows surpassing $32 billion on Monday. \n\nAccording to on-chain data, BlackRock’s iShares Bitcoin Trust (IBIT) now holds over 500,000 BTC. This positions BlackRock as the third-largest Bitcoin holder globally, trailing only Bitcoin’s pseudonymous creator, Satoshi Nakamoto, and crypto exchange giant Binance.\nWith holdings worth approximately $48 billion, BlackRock’s influence in the crypto market is expanding fast.\nBlackRock’s Aggressive Bitcoin Accumulation\nIn just 233 trading days since the launch of IBIT, BlackRock has acquired 2.38% of all Bitcoin that will ever exist. This traction reflects its confidence in Bitcoin as a financial asset. Its series of purchases reflects this momentum, with total BlackRock Bitcoin holdings reaching 500,380 units as of Monday, December 2.\nBlackRock Bitcoin Holdings. Source: iShares.com\nRecently, the firm made headlines with a $680 million Bitcoin buying spree amid a cumulative effort. The purchases continue to solidify its foothold in the market. BlackRock’s pivot toward Bitcoin aligns with CEO Larry Fink’s changing perspective. Once a skeptic who dismissed Bitcoin as speculative, Fink now describes it as an “independent asset” with transformative potential.  \nThis shift has driven BlackRock’s deepening involvement in crypto markets. The firm’s US Head of Thematics and Active ETFs, Jay Jacobs, recently said Bitcoin could become a $30 trillion market. As BeInCrypto reported, he cited more room for BTC adoption.\nBlackRock’s flagship product, the iShares Bitcoin Trust (IBIT), is a central component of its Bitcoin accumulation strategy. IBIT reached $40 billion in AUM (assets under management) earlier this year, shattering speed records in the ETF industry. On its first day of options trading alone, the fund recorded sales exceeding $425 million, signaling immense interest from institutional investors.\nBlackRock’s Bitcoin Valuation. Source: SoSoValue\nFour weeks ago, IBIT surpassed the performance of BlacRock’s gold ETF, evidence of Bitcoin’s rising prominence in traditional finance (TradFi). According to data on SoSoValue, IBIT continues to lead the charge in the Bitcoin spot ETF market.\nThe financial instrument recorded inflows nearing $340 million on Monday. Its cumulative net inflow was $32.08 billion as of December 2, with Fidelity’s FBTC trailing at $11.48 billion.\nBTC Institutional Adoption Stirs Decentralization Concerns\nBlackRock’s Bitcoin strategy extends beyond ETFs. The firm has also increased its exposure to Bitcoin through investments in MicroStrategy, the largest corporate holder of Bitcoin. This move reflects BlackRock’s confidence in Bitcoin’s long-term value proposition and its intent to dominate the institutional Bitcoin market. \nThe firm’s initiatives, among those of other TradFi players, have undeniably legitimized Bitcoin as an asset class. However, not all are celebrating.\nCritics within the crypto community argue that institutional dominance contradicts Bitcoin’s founding ethos of decentralization. With BlackRock amassing such significant holdings, the firm risks centralizing control in a space that was designed to empower individuals over institutions.\n\n “There once was a dream that was Bitcoin… this is not it,” one user on X lamented.\n\nTo some critics, the growing institutional acquisition of Bitcoin defeats the whole purpose of decentralization, with the likes of BlackRock steadily edging to become the biggest hodlers.\nNevertheless, BlackRock’s rise as a major Bitcoin holder marks a pivotal shift in the cryptocurrency playing field. On one hand, it highlights Bitcoin’s mainstream acceptance and potential as a global financial asset. On the other, it raises questions about the role of large financial institutions in a space traditionally associated with grassroots financial sovereignty.\nWith IBIT leading the charge and setting benchmarks, the firm is poised to remain a key player in the crypto industry. However, the debate over whether this benefits or undermines Bitcoin’s foundational principles is unlikely to subside.\n\n\n\n\n🎄Best crypto platforms in Europe | December 2024\n\n\n\neToro\nExplore\n                      \n\n\n\n\n\nCoinrule\nExplore\n                      \n\n\n\n\n\nCoinbase\nExplore\n                      \n\n\n\n\n\nUphold\nExplore\n                      \n\n\n\n\n\n3Commas\nExplore\n                      \n\n\n\n\n\n\n\n\n🎄Best crypto platforms in Europe | December 2024\n\n\neToro\n\n\n\n\n\n\n\n\nCoinrule\n\n\n\n\n\n\n\n\nCoinbase\n\n\n\n\n\n\n\n\nUphold\n\n\n\n\n\n\n\n\n3Commas","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2488944144"}