😲 Hold onto your hats, folks! BlackRock, the world’s largest asset manager with a whopping $11.6 trillion in assets under management, is now holding over 567,000 Bitcoin (BTC), valued at over $47.8 billion. That makes them one of the biggest BTC holders in the world! 💰
According to Arkham Intelligence, BlackRock’s latest BTC acquisition happened on March 14 when a Coinbase Prime wallet transferred 268 BTC, worth over $22 million, to the asset manager’s iShares Bitcoin ETF (IBIT) wallet. 🤑
Data from Arkham also shows that BlackRock holds over 1.2 million Ether (ETH), valued at over $2.3 billion, roughly 70 million of the USDC (USDC) stablecoin, and a long list of altcoins. 🌈
The Bitcoin exchange-traded funds (ETFs) are often cited as the most successful ETF launch in history. As asset managers like BlackRock drive tens of billions in liquidity to the crypto markets, they disrupt the cyclical capital rotation that characterizes crypto investment. 💸
Crypto ETFs experience four weeks of outflows
Crypto ETFs experienced four consecutive weeks of outflows in February 2025 and early March due to macroeconomic uncertainty and fears over a prolonged trade war. 😰
According to CoinShares, outflows from the recent market downturn totaled $4.75 billion, with the week of March 9 recording a total of $876 million in outflows. BlackRock’s iShares Bitcoin fund experienced $193 million in outflows for the week of March 9, with all BTC ETFs recording $756 million in month-to-date outflows. 📉
Despite the heightened volatility and macroeconomic uncertainty, BlackRock added IBIT to its model portfolio in February 2025. BlackRock’s model portfolios are preset investment plans that feature a range of diversified financial instruments and different risk profiles. The portfolios are promoted to asset managers, who pitch the preset investment plans to investors. The inclusion of an ETF or an asset in the model portfolio can significantly boost inflows into the asset by attracting fresh capital. In the case of IBIT, including the ETF in a preset investment portfolio will expose investors, who may take a more passive approach, to Bitcoin without those investors having to self-custody the digital asset or make any onchain transactions. 🤓
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2025-03-14 21:59