BlackRock’s Bitcoin ETF Gains Momentum: Accumulates $65 Billion Worth of BTC

Blackrock’s iShares Bitcoin Trust (IBIT) has significantly expanded its Bitcoin holdings, reaching a staggering 631,962 BTC worth $65.6 billion. This acquisition marks a substantial step forward for institutional adoption of Bitcoin. The investment represents over 3% of the total Bitcoin supply and underscores growing interest from major financial institutions like Mubadala and Citadel.