Blackrock bolsters Bitcoin ETF holdings to surpass $1.2 billion milestone

exchange68September 12, 2024

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Quick Take

Blackrock has increased its Bitcoin holdings in its Exchange-Traded Fund (ETF) as the fund now retains an impressive count of 28,622 Bitcoin, with an addition of approximately 3,555 Bitcoin.

The Blackrock iShares Bitcoin ETF not only made headlines as the inaugural fund to surpass the $1 billion threshold but continued its upward trajectory to amass a notional value now standing at $1.2 billion.

The last update was on Jan. 16, when BlackRock added 8,705 BTC to the fund. Today’s update marks the lowest amount of Bitcoin added to the fund since launch day where 2,621 BTC were added.

BlackRock IBIT BTC Holdings: (Source: ishares.com)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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