{"id":173779,"date":"2024-10-25T15:11:15","date_gmt":"2024-10-25T15:11:15","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=173779"},"modified":"2024-10-25T15:11:19","modified_gmt":"2024-10-25T15:11:19","slug":"ishares-bitcoin-trust-soars-with-2b-btc-purchase-blackrock-now-holding-2-of-circulating-supply","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ishares-bitcoin-trust-soars-with-2b-btc-purchase-blackrock-now-holding-2-of-circulating-supply\/","title":{"rendered":"iShares Bitcoin Trust Soars with $2B BTC Purchase: BlackRock Now Holding 2% of Circulating Supply"},"content":{"rendered":"
TL;DR<\/p>\n
BlackRock<\/strong>, through its IBIT<\/strong> (iShares Bitcoin Trust) fund<\/strong><\/a>, has reached a record in the crypto market by acquiring over 2% of<\/strong> BTC’s circulating supply.<\/p>\n In the last nine days, IBIT has purchased a total of 29,714 BTC<\/strong>, representing an investment of approximately $2 billion<\/strong>. This positions BlackRock as a leader in the Bitcoin exchange-traded funds (ETFs) market, demonstrating its interest in the cryptocurrency and its influence on institutional investment flows in the sector.<\/p>\n BlackRock's iShares Bitcoin Trust (IBIT) now holds over 2% of the $BTC<\/a> circulating supply.<\/p>\n Notably, #BlackRock<\/a> has been buying #Bitcoin<\/a> for 9 consecutive trading days, totaling 29,714 $BTC<\/a> ($1.99B).<\/p>\n This brought this ETF\u2019s current holdings to 399,355 $BTC<\/a> ($27.16B), or over 2%\u2026 pic.twitter.com\/irnmq74Cjc<\/a><\/p>\n — Spot On Chain (@spotonchain) October 25, 2024<\/a><\/p><\/blockquote>\n\n