BlackRock’s Bitcoin Spot ETF Surpasses $646 Billion in Holdings, Outpacing IBIT

On May 15th, recent reports from COINOTAG News reveal that BlackRock’s Bitcoin spot ETF, known as the Bitcoin Investment Trust (IBIT), has achieved a remarkable holding of approximately $646.97 billion. This figure notably surpasses the current assets managed under the Strategy, which stands at around $591.46 billion. The substantial growth in IBIT’s Bitcoin holdings underscores the increasing institutional interest in digital assets, reflecting a shifting landscape where traditional financial entities are increasingly integrating cryptocurrency investments. This trend not only highlights the potential for enhanced market stability but also indicates a growing acceptance of Bitcoin as a legitimate investment vehicle. As institutional confidence builds, market participants are keenly observing these developments for potential indicators of future performance.