BlackRock: 500,000 BTC And Unprecedented Dominance In The Crypto Market

BlackRock, the investment giant, is establishing itself as an essential reference for Bitcoin acquisition. Since the beginning of the year, the firm led by Larry Fink has accelerated at a pace that few other companies can match. Already, its Bitcoin ETF has accumulated more than 500,000 BTC, representing a fortune estimated at 48 billion dollars. Let’s dive into the details of this performance and its implications.

BlackRock: The absolute master of BTC?

The Bitcoin news: with its iShares Bitcoin ETF (IBIT), BlackRock now holds 2.38% of all BTC in circulation, or more than 500,000 units. This massive accumulation strategy makes the ETF one of the most sought-after investment vehicles, even surpassing the historical leader MicroStrategy.

Why this enthusiasm? The IBIT offers a convenient solution to access bitcoin without worrying about the hassles related to taxation or custody. Note that:

• 500,380 BTC are now managed by BlackRock, valued at 48 billion $;
• This represents 2.38% of the total quantity of bitcoin (out of 21 million available);
• Bitcoin ETFs, excluding Grayscale Bitcoin Trust, attract constant inflows: together, they approach 1.1 million BTC related to Satoshi Nakamoto.

“The idea is to bring simplicity and security to investors,” says an analyst at BlackRock. A successful bet, with constant investment flows and a performance that crushes the competition.

Stock Market and Bitcoin: An Explosive Duo

The impact of BlackRock is not limited to the crypto universe: its movements also influence Wall Street. The launch of the IBIT has redefined the Bitcoin ETF market, recording a record influx right from its start. At the same time, other players like MARA Holdings and Grayscale Trust are trying to catch up.

A notable case: MARA Holdings invested 618.3 million $ to acquire 6,484 BTC between October and November. However, these numbers remain modest compared to the behemoth BlackRock, whose methodical approach continues to attract institutional investors.

In a context where bitcoin is becoming a new safe haven amid economic uncertainties, the leverage created by these ETFs is undeniable.

In conclusion, with a treasure of BTC exceeding 500,000 units, BlackRock is once again revolutionizing finance by launching options on Bitcoin ETFs. Introduced on November 19, this instrument generated 1.9 billion $ in transactions on its first day, confirming the irresistible appeal of this unparalleled player.