BlackRock now holds over 567,000 BTC, valued at over $47 billion

BlackRock, the world’s largest plus manager with astir $11.6 trillion successful assets nether management, presently holds implicit 567,000 Bitcoin (BTC), valued astatine implicit $47.8 cardinal — making the plus manager 1 of the largest holders of BTC successful the world.

According to Arkham Intelligence, the plus manager’s astir caller BTC acquisition occurred connected March 14 erstwhile a Coinbase Prime wallet transferred 268 BTC, valued astatine implicit $22 million, to the plus manager’s iShares Bitcoin ETF (IBIT) wallet.

Tracking onchain funds to and from BlackRock. Source: Arkham Intelligence

Data from Arkham besides shows that the plus manager holds implicit 1.2 cardinal Ether (ETH), valued astatine implicit $2.3 billion, astir 70 cardinal of the USDC (USDC) stablecoin and a agelong database of altcoins.

The Bitcoin exchange-traded funds (ETFs) are wide cited arsenic the astir palmy ETF motorboat successful history, arsenic plus managers similar BlackRock thrust tens of billions successful liquidity to the crypto markets and disrupt the cyclical superior rotation that characterizes crypto investment.

BlackRock’s crypto holdings. Source: Arkham Intelligence

Related: BlackRock Bitcoin money sheds $420M arsenic ETF losing streak hits time 7

Crypto ETFs acquisition 4 weeks of outflows

Crypto ETFs experienced four consecutive weeks of outflows successful February 2025 and aboriginal March owed to macroeconomic uncertainty and fears implicit a prolonged commercialized war.

According to CoinShares, outflows from the caller marketplace downturn totaled $4.75 billion, with the week of March 9 signaling a full of $876 cardinal successful outflows.

BlackRock’s iShares Bitcoin money experienced $193 cardinal successful outflows for the week of March 9, with each BTC ETFs signaling $756 cardinal successful month-to-date outflows.

Weekly crypto money flows amusement a caller downturn featuring 4 weeks of consecutive outflows. Source: CoinShares

Despite the heightened volatility and macroeconomic uncertainty, BlackRock added IBIT to its exemplary portfolio successful February 2025.

BlackRock’s exemplary portfolios are preset concern plans that diagnostic a scope of diversified fiscal instruments and antithetic hazard profiles. The portfolios are promoted to plus managers, who transportation the preset concern plans to investors.

The inclusion of an ETF oregon an plus successful the exemplary portfolio tin importantly boost inflows into the plus by attracting caller capital.

In the lawsuit of IBIT, including the ETF successful a preset concern portfolio volition exposure investors, who whitethorn instrumentality a much passive approach, to Bitcoin without those investors having to self-custody the integer plus oregon marque immoderate onchain transactions.

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