Blackrock Expands Bitcoin Holdings
Recent data reveals that Blackrock, the leading global asset manager with over nine trillion in assets under management (AUM), now owns 33,430.56 bitcoin, valued at approximately $1.34 billion. This marks an increase of 4,808.56 bitcoin since their last disclosure, making Blackrock’s Ishares IBIT the second-largest spot bitcoin ETF in terms of reserves.
Fidelity Joins the Bitcoin Accumulation Trend
Fidelity’s FBTC ETF has also been accumulating bitcoin, with their holdings now totaling 30,169.54 bitcoin, equivalent to around $1.26 billion in value. Both Blackrock’s IBIT and Fidelity’s FBTC ETFs charge a management fee of 0.25%, with promotional offers of lower fees for the first few months.
Bitwise and Valkyrie Experience Modest Growth
Bitwise’s BITB ETF saw a small increase from 10,136 BTC to 10,152 BTC, while Valkyrie’s BRRR ETF increased from 1,712 BTC to 1,737.23 BTC. Bitwise is offering zero fees for the first six months, and Valkyrie is waiving fees for three months.
Franklin Templeton’s Bitcoin Holdings Grow
Franklin Templeton’s EZBC fund reported an increase in its bitcoin holdings from 1,131 BTC to 1,160 BTC. However, none of these new spot bitcoin ETFs have reached the level of reserves held by Blackrock and Fidelity.
Hot Take: Blackrock and Fidelity Lead the Way in Bitcoin Holdings
With Blackrock and Fidelity’s significant bitcoin holdings, it’s clear that these financial titans are confident in the future of cryptocurrency. As more institutions join the bitcoin accumulation trend, the market is likely to see continued growth and mainstream acceptance.
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