BlackRock’s Bitcoin Push Surpasses Grayscale, Driving Institutional Investment Growth

Institutional investment in Bitcoin has experienced a seismic shift as BlackRock and Strategy emerge as dominant players. This dramatic shift comes fueled by the unprecedented growth of spot Bitcoin ETFs, which provide institutions with much-needed accessibility to the digital asset. Analysis reveals that BlackRock’s iShares Bitcoin Trust (IBIT), launched recently in January 2024, has accumulated a staggering amount of Bitcoin within weeks. This rapid accumulation contrasts sharply with Grayscale, once the undisputed leader, whose holdings have been impacted by the rise of new opportunities in the market.