{"id":12091,"date":"2024-03-28T17:30:11","date_gmt":"2024-03-28T15:30:11","guid":{"rendered":"https:\/\/forklog.com\/en\/blackrocks-bitcoin-holdings-surpass-17-billion\/"},"modified":"2024-03-28T17:30:11","modified_gmt":"2024-03-28T15:30:11","slug":"blackrocks-bitcoin-holdings-surpass-17-billion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/blackrocks-bitcoin-holdings-surpass-17-billion\/","title":{"rendered":"BlackRock&#8217;s Bitcoin Holdings Surpass $17 Billion"},"content":{"rendered":"<p>The volume of bitcoins acquired by BlackRock&#8217;s Shares Bitcoin Trust (IBIT) has increased to 245,951 BTC (~$17.47 billion) after 11 weeks of trading, while Fidelity&#8217;s Wise Origin Bitcoin Fund (FBTC) holds 143,720 BTC ($10.21 billion), according to data from <a href=\"https:\/\/bitcointreasuries.com\/#etfs\">BuyBitcoinWorldwide<\/a>.<\/p>\n<p>In third place among competitors, the <span data-descr=\"Grayscale Bitcoin Trust\" class=\"old_tooltip\">GBTC<\/span> \u2014 ARK 21Shares Bitcoin ETF (ARKB) \u2014 has increased its holdings to 41,353 BTC ($2.94 billion).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-754.webp\" alt=\"2-754\" class=\"wp-image-229541\"\/><figcaption class=\"wp-element-caption\">Data: BuyBitcoinWorldwide.<\/figcaption><\/figure>\n<p>Grayscale&#8217;s exchange-traded fund still holds 342,607 BTC (~$24.34 billion). At its peak, the figure was 619,000 BTC.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-976.webp\" alt=\"1-976\" class=\"wp-image-229540\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/farside.co.uk\/?p=997\">Farside<\/a>.<\/figcaption><\/figure>\n<p>IBIT has surpassed MicroStrategy (214,296 BTC) and the US government (207,189 BTC) in the ranking of the largest holders of digital gold. The ETF segment as a whole now accounts for 4.82% of the first cryptocurrency&#8217;s issuance.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/3-442.webp\" alt=\"3-442\" class=\"wp-image-229542\"\/><figcaption class=\"wp-element-caption\">Data: BuyBitcoinWorldwide.<\/figcaption><\/figure>\n<p>On March 27, BlackRock CEO Larry Fink admitted he was &#8220;pleasantly surprised&#8221; by the hype surrounding bitcoin ETFs.<\/p>\n<p>According to <a href=\"https:\/\/sosovalue.xyz\/assets\/etf\">SoSoValue<\/a>, on March 27 the net inflow into the segment was $243.3 million. Since January 10, the figure has reached $11.94 billion. The <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span> of products has increased to $57.14 billion.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/4-284.webp\" alt=\"4-284\" class=\"wp-image-229543\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>Earlier, market maker GSR reduced the probability of approval for Ethereum-based spot exchange-traded funds in May to 20%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The volume of bitcoins acquired by BlackRock&#8217;s Shares Bitcoin Trust (IBIT) has increased to 245,951 BTC (~$17.47 billion) after 11 weeks of trading, while Fidelity&#8217;s Wise Origin Bitcoin Fund (FBTC) holds 143,720 BTC ($10.21 billion), according to data from BuyBitcoinWorldwide. In third place among competitors, the GBTC \u2014 ARK 21Shares Bitcoin ETF (ARKB) \u2014 has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1218,18,865,569,1248,1145],"class_list":["post-12091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ark-invest","tag-bitcoin","tag-blackrock","tag-etf","tag-fidelity-investments","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=12091"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/12090"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=12091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=12091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=12091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}