BlackRock has achieved a remarkable milestone with its Bitcoin holdings, particularly through its exchange-traded fund, IBIT, surpassing the $30 billion threshold for the first time. This historic achievement was highlighted by Eric Balchunas, a senior ETF analyst at Bloomberg, in a post on X today. Balchunas compared BlackRock’s substantial Bitcoin reserves to those of other major holders, positioning BlackRock firmly among the top three in the space.
According to the analysis, BlackRock now possesses 417,093 BTC. With Bitcoin currently valued at $72,000, this brings the company’s total Bitcoin holdings to approximately $30 billion. Under the leadership of Larry Fink, BlackRock ranks just behind Binance and the enigmatic Satoshi Nakamoto in terms of Bitcoin ownership. Binance holds 667,526 BTC, while Satoshi Nakamoto’s holdings are estimated at 1.1 million tokens. Following BlackRock closely are Grayscale, through its GBTC and Mini ETF shares, and MicroStrategy, both of which own Bitcoin worth more than $18 billion.
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**BlackRock Surpasses JPMorgan’s Record**
Balchunas described the recent achievement of BlackRock’s ETF as “unreal,” especially when considering the time frame it has taken for older ETFs to reach similar valuation milestones. Notably, BlackRock’s ETF was launched a mere ten months ago—293 days—yet it has already set a record by accumulating $30 billion in value.
IBIT US Equity Bloomberg
The previous record was held by JPMorgan’s Equity Premium Income ETF (JEPI), which took 1,272 days, or over three years, to reach the same significant valuation. Before JEPI, the SPDR Gold Trust (GLD) required 1,790 days to achieve this benchmark.
It is important to note that BlackRock crossed the $30 billion threshold following an impressive inflow of $642.9 million on Tuesday, marking the 12th consecutive trading day of positive inflows. This influx coincided with a surge in Bitcoin’s price, which reached $73,600 earlier today—its highest level in the past seven months.
**U.S. ETFs Eyeing 1 Million Bitcoin in Holdings**
In addition, other U.S. Bitcoin ETFs have experienced considerable inflows recently as Bitcoin prices have risen. The net inflow recorded yesterday amounted to a staggering $870 million, marking the highest level since June. Apart from BlackRock and Grayscale, Fidelity’s FBTC is also a notable player, holding 186,577 BTC, which places it ninth among the largest Bitcoin holders.
Currently, U.S. ETFs collectively possess 995,663 BTC, valued at over $71.68 billion. Balchunas anticipates that this total will exceed the 1 million mark by the end of the trading day. He suggests that given the current momentum, these ETFs could even aim to surpass Satoshi’s holdings by the following month, just two months ahead of their first anniversary.
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