BlackRock becomes the second-largest holder of Bitcoin globally
BlackRock has officially become the second-largest holder of Bitcoin (BTC) globally. With 636,000 BTC now under management, the world’s largest asset manager sits behind only the mysterious creator of Bitcoin, Satoshi Nakamoto, who is estimated to hold 1.1 million BTC, according to new data from CryptoRank . The milestone cements BlackRock’s dominance not just in traditional finance, but now in crypto markets as well. The firm is already the leading provider of Bitcoin ETFs by assets under management (AUM), and its inflows show no signs of slowing. Top Bitcoin holders. Source: CryptoRank BlackRock’s Bitcoin spot ETF Elsewhere, BlackRock’s Bitcoin spot ETF, iShares Bitcoin Trust (IBIT), has rapidly climbed the leaderboard and is now ranked among the top 5 U.S. ETFs by year-to-date inflows, according to the latest Bloomberg ETF flow data. $IBIT has worked its way into the top 5 ETF in YTD flows with +$9b, just passing $BIL. This is wild bc just one mo...