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BlackRock’s Bitcoin ETF Now Holds 2.7% of Total BTC Supply After Major Acquisition

BlackRock’s Bitcoin ETF Now Holds 2.7% of Total BTC Supply After Major Acquisition

Beincrypto
Author:
Beincrypto
Release Time:
2025-01-27 11:43:09
0

This milestone was significantly influenced by its largest Bitcoin purchase of 2025, made on January 22.

BlackRock’s $1 Billion Bitcoin Purchase

According to the blockchain intelligence platform Arkham Intelligence, BlackRock’s total holdings now stand at 572,616 Bitcoins.

“THEY NOW HOLD 2.7% OF THE TOTAL BTC SUPPLY,” Arkham posted on X.

This came after the investment giant acquired BTC worth $600 million on January 22, marking its biggest purchase so far this year.

Meanwhile, BlackRock’s iShares Bitcoin ETF (IBIT) continues to dominate the Bitcoin exchange-traded fund (ETF) sector. After encountering a few record outflows this month, IBIT made a strong recovery on January 24, surpassing $1 billion in trading volume within the first two hours.

According to the latest data from SoSo Value, on January 24, IBIT recorded a net inflow of $155.69 million, with cumulative inflows reaching $39.73 billion. The ETF also traded volumes worth $2.78 billion on the same day.

Thus, it’s not a surprise that IBIT has emerged as the fastest-growing ETF ever. In addition, it topped the top 20 US ETF launches of all time in 2024, according to Bloomberg analyst James Seyffart.

Notably, the firm carries the same vision for 2025. In a recent interview with Bloomberg, Robert Mitchnick, BlackRock’s Head of Digital Assets, highlighted the success of IBIT and the broader adoption of Bitcoin. 

He emphasized that while 2024 was an exceptional year for the ETF, Bitcoin adoption remains in its early stages. 

“As we come into year two now, we are focused on a lot of the same stuff that we were in year one. We are still quite early days in terms of the adoption of wealth advisory and the institutional segment, Mitchnick said.” 

Interestingly, CEO Larry Fink has also predicted that widespread adoption could propel Bitcoin prices to unprecedented levels, ranging between $500,000 and $700,000 per BTC.

Despite BlackRock’s bold moves, Bitcoin had a rough start to the week, with its price dipping below the $100,000 mark. At the time of writing, the largest cryptocurrency was trading at $99,090. This reflected a 5.6% decline over the past 24 hours.

blackrock bitcoin holdings

Bitcoin Price Performance. Source: BeInCrypto
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