April 26, 2025

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12:00 am

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(Updated:

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BlackRock Now Holds 2.77% BTC Supply

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    BlackRock’s BTC holdings on Arkham
    BlackRock’s BTC holdings on Arkham

    BlackRock now holds 2.77% of the Bitcoin supply, with more than 582K BTC held in their custody. This puts the market value of their holdings at almost $55B, making them one of the largest institutional holders of Bitcoin.

    Inflows to BlackRock’s IBIT custody addresses
    Inflows to BlackRock’s IBIT custody addresses

    This week saw more than $1.2B in inflows into BlackRock’s iShares Bitcoin Trust ETF (IBIT), contributing significantly to two of the largest single day inflows into Bitcoin spot ETFs on 22nd and 23rd April, which saw a combined $1.85B in inflows. The week’s inflows mark a sharp reversal in spot ETF flows, amidst hopes of de-escalation in the trade war between the US and China. Notably, the inflows coincided with large outflows from the US Dollar, potentially hinting at investors escaping the USD into Bitcoin among other assets such as Gold, the Japanese Yen and the Euro.

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