The move comes as BlackRock’s holdings of bitcoin tokens, particularly through its exchange-traded fund IBIT, have surpassed the $30 billion mark, a record high. Eric Balchunas, a senior ETF analyst at Bloomberg, wrote an article on X today, drawing public attention to this record. He compared BlackRock’s holdings to the largest Bitcoin holders, ranking it among the top three.
Analysis shows that BlackRock currently holds 417,093 BTC. At Bitcoin’s current value of $72,000, BlackRock’s holdings would be around $30 billion. The company, led by Larry Fink, currently ranks second only to Binance and Satoshi Nakamoto in terms of Bitcoin holdings.
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While Binance’s portfolio stands at 667,526 BTC, Satoshi Nakamoto’s holdings are far ahead with 1.1 million tokens. BlackRock is followed by Grayscale, through its GBTC and Mini ETF stakes, and MicroStrategy, both of which hold more than $18 billion worth of Bitcoin.
https://x.com/thecryptobasic
BlackRock breaks JPMorgan's record
Regarding the BlackRock ETF’s latest record, Balchunas described the achievement as “surreal,” given the growth trajectory and time it took for older ETFs to reach the same milestone. For context, BlackRock’s ETF was launched just ten months ago — 293 days ago — and has already reached a value of $30 billion, a record high.
IBIT US Stock Bloomberg
Balchunas highlighted that the previous record holder was JPMorgan’s Equity Premium Income ETF (JEPI), which took 1,272 days, or more than three years, to reach this milestone. Prior to JEPI, the SPDR Gold Trust (GLD) took 1,790 days to reach the same benchmark.
It is worth noting that BlackRock welcomed $642.9 million in inflows on Tuesday, breaking the $30 billion mark and maintaining positive inflows for 12 consecutive trading days. Tuesday’s inflows coincided with a surge in bitcoin, which earlier traded at $73,600, a seven-month high.
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US ETF Targets 1 Million Bitcoin Holdings
Other U.S. Bitcoin ETFs have also seen notable inflows in recent days as the price of Bitcoin has risen. Yesterday's net inflows hit a record $87 billion, the highest level since June. Besides BlackRock and Grayscale, other notable holders include Fidelity’s FBTC fund, which holds 186,577 BTC, ranking ninth among the largest Bitcoin holders.
Currently, U.S. ETFs collectively hold 995,663 BTC, valued at over $71.68 billion. Balchunas believes the number will surpass the 1 million mark after today's close. He believes that with their current momentum, they have the potential to surpass Satoshi’s holdings next month, just two months away from their first birthday.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may contain the personal opinions of the author and do not reflect the views of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses
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