According to a recent report from COINOTAG, as of October 31, 2023, BlackRock has officially disclosed its spot Bitcoin ETF holdings. The firm currently retains an impressive 429,185 Bitcoins, which constitutes over 2% of the overall Bitcoin supply. This substantial investment translates to a market valuation surpassing US$30.86 billion, highlighting BlackRock’s significant role in the cryptocurrency landscape.
Such holdings not only underscore BlackRock’s strategic maneuvering within the digital asset sphere, but also reflect the growing institutional interest in Bitcoin. The firm’s dedication to integrating cryptocurrencies into its investment framework may contribute to broader market stability and legitimacy, positioning it as a leader in crypto investments.