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Lido Staked Ether

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Wrapped Bitcoin

$0.0000108 -4.16%

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BlackRock has made a significant investment in Bitcoin.

As Arkham Intelligence recently reported, BlackRock – the giant hedge fund with over $10 trillion in assets under management – bought more Bitcoin (BTC) this week than any ETF issuer has sold in the past three weeks. BlackRock bought 388.19 million dollars' worth of Bitcoin over four days to create their own IBIT spot Bitcoin ETF. Read more on U.Today: https://u.today/blackrock-buys-massive-amount-of-bitcoin

Linda Brown September 28, 2024

BlackRock has made a significant investment in Bitcoin.

About 1 min reading time

BlackRock’s Cryptocurrency Holdings Reach New Heights: 362,193 BTC

BlackRock, the world's largest asset management firm, now holds a staggering 362,193 Bitcoin (BTC), worth approximately $23.79 billion. This places BlackRock well ahead of its closest competitor, Grayscale, by over 100,000 BTC.

BlackRock’s aggressive move into Bitcoin isn’t a mystery. According to the fund's head of digital assets, Bitcoin is viewed as a scarce, decentralized, global asset. Unlike traditional financial instruments, BTC carries no country or counterparty risk. For a $10 trillion asset manager like BlackRock, Bitcoin is seen more as "digital gold" than a volatile tech stock.

Beyond Bitcoin, BlackRock has also made strides into Ethereum (ETH). The firm recently launched its spot Ethereum ETF, adding to its growing crypto portfolio. While Ethereum ETFs haven't garnered the same level of excitement as Bitcoin-focused funds, the amount of ETH in BlackRock's possession continues to rise. It’s uncertain how fully BlackRock will embrace Ethereum, but the trend is promising.

Top 5 Cryptocurrencies

Last 5 Whale Transactions

5000000 USDT
$5,010,000

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948290 USDC
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500000 USDT
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720000 USDT
$722,000

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400 ETH
$1,050,000

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