Blackrock bolsters Bitcoin ETF holdings to surpass $1.2 billion milestone Insights BitcoinCrypto EquitiesETFs
Blackrock bolsters Bitcoin ETF holdings to surpass $1.2 billion milestone
Blackrock's Bitcoin ETF expands with additional 3,555 Bitcoin to $1.2 billion in value.
Quick Take
Blackrock has increased its Bitcoin holdings in its Exchange-Traded Fund (ETF) as the fund now retains an impressive count of 28,622 Bitcoin, with an addition of approximately 3,555 Bitcoin.
The Blackrock iShares Bitcoin ETF not only made headlines as the inaugural fund to surpass the $1 billion threshold but continued its upward trajectory to amass a notional value now standing at $1.2 billion.
The last update was on Jan. 16, when BlackRock added 8,705 BTC to the fund. Today’s update marks the lowest amount of Bitcoin added to the fund since launch day where 2,621 BTC were added.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
BlackRock
BlackRock, synonymous with global asset management, is an American multinational investment management corporation based in New York City.