🟡 BlackRock iShares Bitcoin Trust (IBIT) continues to solidify its position in the Bitcoin exchange-traded fund (ETF) market. The asset manager has released data on its current Bitcoin holdings, revealing that the total number of Bitcoins has grown to over 342,000 BTC.
🟡 This marks a significant victory for BlackRock, following CEO Larry Fink’s public support for Bitcoin. BlackRock has also filed for a spot Ethereum ETF, which could signal its intention to invest in this asset.
🟡 Market observers are closely watching developments, betting that BlackRock will invest in Ethereum in the same way it has with Bitcoin. However, analysts acknowledge that Ethereum’s growth trajectory may be slower.