BlackRock’s iShares Bitcoin Trust (IBIT), a spot Bitcoin ETF, has crossed 800,000 BTC in holdings, less than two years after its January 2024 launch.
According to the firm’s latest disclosure, IBIT held 798,747 BTC on October 7, with an additional inflow of 3,510 BTC bringing the total to about 802,257 BTC.
This gives the fund control over 3.8% of Bitcoin’s fixed 21 million supply—equivalent to over $53 billion in assets under management.
BRN Head of Research Timothy Misir said the eight-day streak of inflows shows ongoing institutional demand and treasury adoption of Bitcoin as a reserve asset.
He noted that geopolitical stability, following recent peace frameworks, has also helped steady investor sentiment.
BlackRock now surpasses Strategy’s 640,031 BTC holdings, reinforcing its dominance in Bitcoin ETFs.
Experts, however, caution that such concentration among large funds could amplify price volatility or create liquidity challenges during major market moves.
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