Larry

Bitcoin ETF

Bitcoin

<p>BlackRock, the investment giant, is establishing itself as an essential reference for Bitcoin acquisition. Since the beginning of the year, the firm led by Larry Fink has accelerated at a pace that few other companies can match. Already, its Bitcoin ETF has accumulated more than 500,000 BTC, representing a fortune estimated at 48 billion dollars. Let’s dive into the details of this performance and its implications.</p> 
<h2 id="h-blackrock-le-maitre-absolu-du-btc">BlackRock: The absolute master of BTC?</h2> 
<p>The <a href="https://www.cointribune.com/tag/bitcoin-btc/" target="_blank" rel="noreferrer noopener">Bitcoin news</a>: with its iShares Bitcoin ETF (IBIT), BlackRock now holds <strong>2.38% of all BTC in circulation</strong>, or <a href="https://cointelegraph.com/news/blackrock-bitcoin-etf-tops-500k-btc-holdings-48b" target="_blank" rel="noreferrer noopener">more than 500,000 units</a>. This massive accumulation strategy makes the ETF one of the most sought-after investment vehicles, even surpassing the historical leader MicroStrategy.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1"> 
 </div> 
</div> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://s3.cointelegraph.com/uploads/2024-12/01938cbc-a012-790b-8f42-7e989594619a" alt="">
  <figcaption class="wp-element-caption">
   Data on iShares Bitcoin Trust ETF holdings. Source: iShares
  </figcaption>
 </figure>
</div> 
<p>Why this enthusiasm? The IBIT offers <strong>a convenient solution to access bitcoin</strong> without worrying about the hassles related to taxation or custody. Note that:</p> 
<ul> 
 <li><strong>500,380 BTC</strong> are now managed by BlackRock, valued at 48 billion $;</li> 
 <li>This represents <strong>2.38%</strong> of the total quantity of bitcoin (out of 21 million available);</li> 
 <li><strong>Bitcoin ETFs</strong>, excluding Grayscale Bitcoin Trust, attract constant inflows: together, they approach <strong>1.1 million BTC</strong> related to Satoshi Nakamoto.</li> 
</ul> 
<p>“<em>The idea is to bring simplicity and security to investors</em>,” says an analyst at BlackRock. A successful bet, with constant investment flows and a performance that crushes the competition.</p> 
<div class="affiliate-button"> <a class="affiliate-button__link" href="https://join.swissborg.com/r/frederEZU5" target="_blank" rel="noreferrer noopener">Your 1st cryptos with Swissborg</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noreferrer noopener">This link uses an affiliate program.</a> 
</div> 
<h2 id="h-bourse-et-bitcoin-un-duo-explosif">Stock Market and Bitcoin: An Explosive Duo</h2> 
<p>The impact of BlackRock is not limited to the crypto universe: its movements also influence Wall Street. The launch of the <strong>IBIT has redefined the Bitcoin ETF market</strong>, recording a record influx right from its start. At the same time, other players like MARA Holdings and Grayscale Trust are trying to catch up.</p> 
<p>A notable case: <strong>MARA Holdings invested 618.3 million $ to acquire 6,484 BTC</strong> between October and November. However, these numbers remain modest compared to the behemoth BlackRock, whose methodical approach continues to attract institutional investors.</p>  
<div class="tradingview-widget-container tradingview--mini-chart"> 
 <div class="tradingview-widget-container__widget"></div> 
 <div class="tradingview--mini-chart--dark"> 
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script> 
 </div> 
 <div class="tradingview--mini-chart--light"> 
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script> 
 </div> 
 <div class="tradingview-widget-copyright">
  <a href="https://fr.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="noopener" target="_blank"><span class="text-primary-color">BTCUSD chart</span></a> by TradingView
 </div> 
</div>  
<p>In a context where <strong>bitcoin is becoming <a href="https://www.cointribune.com/en/bitcoin-blows-gold-away-a-new-safe-haven/" target="_blank" rel="noreferrer noopener">a new safe haven</a></strong> amid economic uncertainties, the leverage created by these ETFs is undeniable.</p> 
<p>In conclusion, with a treasure of BTC exceeding 500,000 units, BlackRock is once again revolutionizing finance <a href="https://www.cointribune.com/en/blackrock-a-record-launch-for-bitcoin-etf-options/" target="_blank" rel="noreferrer noopener">by launching options on Bitcoin ETFs</a>. Introduced on November 19, this instrument generated 1.9 billion $ in transactions on its first day, confirming the irresistible appeal of this unparalleled player.</p>

BlackRock: 500,000 BTC And Unprecedented Dominance In The Crypto Market

Table of Contents

Cointribune EN

Other articles published on Dec 4, 2024

Solana Price Prediction For December 4

Floki Postpones Valhalla Mainnet Launch to Early 2025

MTN Nigeria has the fastest internet speed among MTN subsidiaries in West and Central Africa

Qubetics Revolutionizes Blockchain Development with QubeQode IDE—Is It the Best Altcoin for Massi...

Former Celsius CEO Alex Mashinsky Pleads Guilty to Fraud

South Korea Hits Record $34B in 24-Hour Crypto Trading Volume Amid Emergency Martial Law

Join our free newsletter for daily crypto updates!