How much Bitcoin does BlackRock own? This question has become a focal point for crypto enthusiasts and investors alike, especially as institutional adoption accelerates. Understanding BlackRock's Bitcoin holdings not only reveals the scale of traditional finance entering crypto but also signals broader market trends. In this article, you'll discover the latest verified numbers, industry context, and what BlackRock’s involvement means for the future of Bitcoin.
As of June 2024, according to public SEC filings and on-chain data, BlackRock’s iShares Bitcoin Trust (IBIT) holds approximately 274,462 BTC. This figure was reported on June 18, 2024, by Bitget Research and corroborated by blockchain analytics platforms. The total value of these holdings fluctuates with Bitcoin’s price, but at a BTC price of $65,000, this equates to over $17.8 billion in assets under management.
BlackRock’s Bitcoin exposure comes primarily through its spot Bitcoin ETF, which launched in January 2024. Since then, IBIT has consistently ranked among the top spot Bitcoin ETFs by both holdings and daily trading volume, often exceeding $500 million in daily turnover.
BlackRock’s entry into the Bitcoin market marks a significant milestone for institutional adoption. As the world’s largest asset manager, BlackRock’s involvement brings increased legitimacy and visibility to Bitcoin. Their holdings are transparently reported, offering a reliable benchmark for institutional participation.
For retail and institutional investors, knowing how much Bitcoin BlackRock owns helps gauge market sentiment and potential price impact. Large-scale accumulation by BlackRock can influence liquidity, volatility, and even regulatory perspectives on Bitcoin as an asset class.
The launch of BlackRock’s spot Bitcoin ETF in early 2024 triggered a wave of institutional interest. According to Bitget Research, total assets managed by U.S. spot Bitcoin ETFs surpassed $60 billion by June 2024, with BlackRock’s IBIT accounting for nearly 30% of that figure.
On-chain data shows a steady increase in large wallet addresses, indicating that institutional players like BlackRock are accumulating and holding significant amounts of Bitcoin. This trend is further supported by rising trading volumes and growing open interest in Bitcoin derivatives.
Many believe that BlackRock directly owns Bitcoin for its own balance sheet. In reality, the majority of its holdings are on behalf of ETF investors. BlackRock acts as a custodian and manager, not as a speculative holder. It’s also important to note that ETF shares are backed by actual Bitcoin, with regular audits and transparent reporting.
While institutional adoption can bring stability, it may also introduce new risks, such as regulatory scrutiny or concentration of holdings. Investors should stay informed and use secure platforms like Bitget for trading and custody solutions.
BlackRock’s growing Bitcoin holdings reflect a broader shift in the financial landscape. As more institutions enter the market, staying informed is crucial. For the latest data, secure trading, and in-depth research, consider exploring Bitget Exchange and Bitget Wallet—your trusted partners in the evolving world of crypto.
Ready to learn more? Dive deeper into institutional trends and discover how Bitget can help you navigate the next wave of crypto adoption.