In January 2024, Blackrock described the story by gaining the approval of his bitcoin place ETF. Since then, the financial giant has continued to accumulate BTC and now has a significant market share.
-
- Blackrock described history by obtaining the approval of the Son ETF bitcoin point in January 2024, which means the main turning point in the institutional acceptance of Bitcoins.
- Blackrock now holds 3 % of all BTCs in circulation and has been placed as the largest institutional holder of bitcoins outside the gray levels.
Blackrock holds 3 % of all BTCS
In January 2024, Black -shin gained the approval of his Bitcoin Place ETFMajor turnover in institutional acceptance of bitcoins.
Since then, the financial giant continues to increase its bitcoin assets. According Blackrock now holds 3 % of all BTC in circulation.
In practice, these BTCs are held Ishares Bitcoin Trust (Ibit)Fund for Bitcoin ETF Spot de Blackrock.
Blackrock: The largest institutional holder of BTC
With this massive accumulation, Blackrock is placed as The largest bitcoin institutional holder In addition to gray.
We remind you that gray grades are a subsidiary of a digital currency group that also offers a financial product based on bitcoins, Bitcoin Trust Grayscale Bitcoin Trust (GBTC).
The Gray Group actually holds approximately 650 000 BTCor 3.1 % of the total bitch offer. On his side, Blackrock holds 300,000 BTCor 1.4 % of the total offer.
This massive accumulation of Blackrock bitcoins reflects a wider tendency of institutional adoption. In fact, many other funds have been since the approval of the Bitcoin site.
For example, Fidelits, another financial giant, also recorded Son ETF Bitcoin SPOT approved in February 2024. Since then, Fidelity has accumulated around 100,000 BTC.
Total now bitcoin instead of ETF almost holds almost almost 10 % of the total bitcoin offer.
What consequences for the market?
Bitcoin Bitcoins Bitcoins and other institutions have several The consequences of a market.
On the one hand, this reduces the available bid of bitcoins, which could potentially lead to price increases. The fewer bitcoins available to purchase, the more their price increases.
On the other hand, it strengthens the legitimacy of bitcoins as an investment actor. When Blackrock finance and giants invest massively in bitcoins, it sends a strong signal to other institutional investors.
Finally, it could also lead to greater volatility on the market. If Blackrock or other institutions decide to sell part of their BTC, it could have a significant impact on the price.
In any case, the arrival of Blackrock and other financial giants on the market market is the main point of turnover. This shows that Bitcoin is now considered a serious investment asset, even the most traditional actors in finance.
Blackrock does not intend to stop in bitcoins. The financial giant actually submitted an application for an ETF Ethereum U SEC.
(Tagstranslate) financial markets
