BlackRock Now Holds $60 Billion In Bitcoin!

Coinpedia 8 months ago 195

The post BlackRock Now Holds $60 Billion In Bitcoin! appeared first on Coinpedia Fintech News

BlackRock now holds $60 billion in Bitcoin (BTC ($111,002.00)) through its iShares Bitcoin Trust (IBIT), with 574,118.84380 BTC on the ETF’s balance sheet. Recent data reveals that Bitcoin ETFs received $188.7 million in inflows, with BlackRock capturing $154.6 million, accounting for 81% of the total net inflows. BlackRock’s strong Bitcoin accumulation has positioned it as one of the largest institutional holders of the cryptocurrency, surpassing even MicroStrategy’s well-known holdings. Larry Fink, CEO of BlackRock, has sparked discussions about Bitcoin’s potential, suggesting a price target of $700,000 if more institutions adopt it.

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