BlackRock Takes Top Spot as Bitcoin’s Largest Institutional Holder

BlackRock has cemented its position as a leading Bitcoin custodian, with its iShares Bitcoin Trust (IBIT) holding over 748,968 BTC. This remarkable achievement signifies growing institutional involvement and the integration of cryptocurrency into traditional financial frameworks. Blackrock’s ETF now boasts a significant 3.57% share of the total Bitcoin supply, potentially impacting market dynamics, liquidity, and price volatility. This move further solidifies BlackRock’s role in the ever-evolving world of digital assets.