BlackRock’s Bitcoin Bet Pays Off: IBIT ETF Breaks $100 Billion Barrier

According to statements made on CNBC, BlackRock’s spot Bitcoin ETF, IBIT, has topped $100 billion in assets under management less than two years after it ￰0￱ Reading: Dogecoin Sheds 25% As $57M Flees Market — Can The Memecoin Recover? That figure marks one of the fastest rises for any ETF in recent ￰1￱ also puts the world’s largest asset manager squarely at the center of institutional Bitcoin ￰2￱ Now Holds A Large Share Of Bitcoin Supply Based on reports, BlackRock holds 804,944 ￰3￱ current, lower market levels, that stash is worth close to $90 ￰4￱ Bitcoin hit an all-time high last week, the same holding was worth more than $100 billion. BlackRock’s position represents 3.83% of Bitcoin’s total ￰5￱ comparison, Strategy (formerly MicroStrategy) owns 640,250 BTC, or 3.048% of supply, according to available ￰6￱ numbers show how ownership of Bitcoin is shifting toward big financial firms as ETFs and other products bring new capital into crypto ￰7￱ Push Adds New Dimension Larry Fink told viewers the firm is moving faster into digital assets and that tokenization will be used for a wide range of investments, from property to ￰8￱ also manages an Ethereum portfolio valued at more than $17 ￰9￱ company has launched tokenized money market vehicles, and one product called BUIDL has become the largest tokenized cash money market fund, according to the ￰10￱ about $4 trillion reportedly sitting in digital wallets worldwide, BlackRock sees an opportunity to reach investors who prefer digital ￰11￱ Shift In Ownership Is Clear Reports show IBIT’s rapid growth has changed the balance of large ￰12￱ corporate treasuries and early adopters once dominated ownership, institutional funds now control a rising ￰13￱ matters for liquidity and for how large inflows or outflows might affect the market when they ￰14￱ also shifts some power over market behavior to managers who must answer to clients and ￰15￱ Price And Market Conditions Based on market updates, Bitcoin fell below $112,500 on ￰16￱ action cooled after recent gains, with renewed headwinds including US-China trade tensions and a temporary US government shutdown contributing to weaker ￰17￱ say the next few weeks could offer buying chances as funding and perpetual markets ￰18￱ flows into ETFs like IBIT will be watched closely because they can tilt short-term ￰19￱ Reading: BNB’s Comeback Meal — Trader Says The Token Ate The Dump For Breakfast What This Means Going Forward BlackRock’s move signals a larger reality: digital assets are now part of mainstream finance.

Fink’s change in tone — from caution to active investment — reflects that ￰20￱ presence of a major manager with hundreds of thousands of BTC and a growing set of tokenized offerings will influence how investors view crypto ￰21￱ image from Michael Nagle/Bloomberg/Getty Images, chart from TradingView