BlackRock’s Bitcoin Spot ETF Holds 69,890 BTC Worth $76 Billion, Representing 3.32% of Total Supply

As of July 8, BlackRock’s Bitcoin spot ETF manages a substantial portfolio of roughly 69,890 bitcoins. This allocation translates to an estimated market value of $76.314 billion, representing about 3.32% of the entire Bitcoin circulating supply. The ETF’s significant holdings underscore the growing institutional adoption of cryptocurrency assets within traditional investment frameworks. By integrating Bitcoin exposure through regulated financial products, BlackRock is facilitating broader market participation and enhancing liquidity. This development reflects a pivotal shift in asset management strategies, highlighting the increasing relevance of digital currencies in diversified portfolios. Investors and market analysts closely monitor such metrics to gauge institutional confidence and the evolving dynamics of the crypto market.