BlackRock Doubles Down on Bitcoin, Increasing ETF Holdings by 25%

BlackRock has taken a significant step towards bolstering its investment in digital assets by significantly boosting its holdings of its own Bitcoin ETF. The company’s iShares Bitcoin Trust (IBIT) holdings rose to over 2.1 million shares as of March 31, reaching a value of $99.4 million. This represents a notable 25% increase from the previous quarter, signaling increasing institutional confidence in Bitcoin.