BlackRock’s Bitcoin Holdings May Rise Amid $416 Million Accumulation and ETF Inflow Trends

Key Points

1. BlackRock acquired approximately 3,478 BTC worth $416 million, bringing its total Bitcoin holdings to 716,500 BTC valued at $85.4 billion.

2. BlackRock's IBIT spot Bitcoin ETF attracted $764 million in daily inflows, contributing to a 10-day streak of inflows totaling $799.4 million for U.S.-listed spot Bitcoin ETFs.

3. Bitcoin's price surged past $123,000 due to ETF-driven demand, later stabilizing near $118,620, with spot Bitcoin and Ethereum ETFs collectively attracting over $20 billion in inflows since April.

4. BlackRock's Bitcoin holdings now exceed those of major exchanges like Binance and estimated holdings of Bitcoin's creator, Satoshi Nakamoto.

5. The sustained ETF inflows are expected to enhance market stability and maturity, providing a more robust framework for institutional investment in digital assets.