{"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":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul>\n<li style=\"text-align: justify\">BlackRock, through its IBIT fund, holds <strong>more than 2% of Bitcoin&#8217;s circulating supply<\/strong>, making it one of the main institutional investors in cryptocurrencies.<\/li>\n<li style=\"text-align: justify\">In a nine-day period, IBIT acquired<strong> 29,714 BTC<\/strong>, investing approximately $2 billion.<\/li>\n<li style=\"text-align: justify\">With an accumulated net inflow of <strong>$23.69 billion<\/strong>, it stands out as the <strong>most successful<\/strong> ETF launched in the last four years.<\/li>\n<\/ul>\n<hr \/>\n<p style=\"text-align: justify\"><strong>BlackRock<\/strong>, through its <strong>IBIT<\/strong> (iShares Bitcoin Trust) <a href=\"https:\/\/crypto-economy.com\/bitcoin-etf\/\" target=\"_blank\" rel=\"noopener\"><strong>fund<\/strong><\/a>, has reached a record in the crypto market by acquiring <strong>over 2% of<\/strong> BTC&#8217;s circulating supply.<!--more--><\/p>\n<p style=\"text-align: justify\">In the last nine days, IBIT has purchased a total of <strong>29,714 BTC<\/strong>, representing an investment of approximately <strong>$2 billion<\/strong>. This positions BlackRock as a leader in the Bitcoin exchange-traded funds (ETFs) market, demonstrating its interest in the cryptocurrency and its influence on institutional investment flows in the sector.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BlackRock&#39;s iShares Bitcoin Trust (IBIT) now holds over 2% of the <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$BTC<\/a> circulating supply.<\/p>\n<p>Notably, <a href=\"https:\/\/twitter.com\/hashtag\/BlackRock?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#BlackRock<\/a> has been buying <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Bitcoin<\/a> for 9 consecutive trading days, totaling 29,714 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$BTC<\/a> ($1.99B).<\/p>\n<p>This brought this ETF\u2019s current holdings to 399,355 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$BTC<\/a> ($27.16B), or over 2%\u2026 <a href=\"https:\/\/t.co\/irnmq74Cjc\" target=\"_blank\">pic.twitter.com\/irnmq74Cjc<\/a><\/p>\n<p>&mdash; Spot On Chain (@spotonchain) <a href=\"https:\/\/twitter.com\/spotonchain\/status\/1849666711039115763?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 25, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">According to data provided by SpotOnchain, BlackRock has implemented a strong <strong>accumulation strategy<\/strong>. Over the last week, the firm acquired significant amounts of BTC on consecutive trading days, including purchases of<strong> 4,798 BTC on October 23 and 4,869 BTC on October 21.<\/strong> These acquisitions have raised IBIT&#8217;s total BTC holdings to <strong>399,355 BTC<\/strong>, valued at approximately <strong>$27.16 billion<\/strong>, making the firm one of the leading institutional investors in Bitcoin.<\/p>\n<h2>BlackRock\u2019s Bitcoin ETF is the Most Successful of the Last Four Years<\/h2>\n<p style=\"text-align: justify\">The growing interest from BlackRock in <a href=\"https:\/\/crypto-economy.com\/the-6-best-bitcoin-wallets\/\" target=\"_blank\" rel=\"noopener\"><strong>Bitcoin<\/strong> <\/a>highlights the potential of ETFs based on digital assets. IBIT has managed to capture the majority of net positive inflows. According to SoSoValue, <strong>BTC ETFs reported a net inflow of $188.11 million,<\/strong> of which<strong> $165.54 million<\/strong> came exclusively from IBIT. This has increased IBIT&#8217;s total accumulated net inflow to <strong>$23.69 billion<\/strong>, far surpassing other funds, such as <strong>Grayscale\u2019s GBTC<\/strong>, which recorded a net <strong>outflow of $7.05 million.<\/strong><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-78649 size-full\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/02\/BlackRockIBIT.jpg\" alt=\"ibit bitcoin etf blackrock\" width=\"825\" height=\"300\" \/><\/p>\n<p style=\"text-align: justify\">Moreover, IBIT\u2019s success is notable compared to other ETFs launched in recent years. According to analyst Eric Balchunas, <strong>IBIT has been the most successful ETF among the 1,800 investment options launched in the last four years<\/strong>. BlackRock&#8217;s strategy in the Bitcoin market has proven effective, supported by its ability to attract institutional investors and capitalize on the growing interest in cryptocurrencies.<\/p>\n<p style=\"text-align: justify\">According to the latest <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" target=\"_blank\" rel=\"noopener\"><strong>data<\/strong> <\/a>from CoinMarketCap, <strong>Bitcoin (BTC) has risen by 1% in<\/strong> the last 24 hours, reaching a value of nearly <strong>$68,300.<\/strong> Its market capitalization stands at $1.35 trillion, while trading volume has dropped by 11%, down to $30.7 billion<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR BlackRock, through its IBIT fund, holds more than 2% of Bitcoin&#8217;s circulating supply, making it one of the main institutional investors in cryptocurrencies. In a nine-day period, IBIT acquired 29,714 BTC, investing approximately $2 billion. With an accumulated net inflow of $23.69 billion, it stands out as the most successful ETF launched in the &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"iShares Bitcoin Trust Soars with $2B BTC Purchase: BlackRock Now Holding 2% of Circulating Supply\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/ishares-bitcoin-trust-soars-with-2b-btc-purchase-blackrock-now-holding-2-of-circulating-supply\/#more-173779\" aria-label=\"More on iShares Bitcoin Trust Soars with $2B BTC Purchase: BlackRock Now Holding 2% of Circulating Supply\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":164245,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100,70,74],"tags":[4602,4606,5449,4620,5536,4656],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173779"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=173779"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173779\/revisions"}],"predecessor-version":[{"id":173781,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173779\/revisions\/173781"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/164245"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=173779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=173779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=173779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}