BlackRock’s entry into Bitcoin through the iShares Bitcoin Trust (IBIT) has marked a significant increase in institutional investment. As of June 10, 2025, BlackRock has accumulated over 662,500 BTC, representing more than 3% of Bitcoin’s total supply, valued at approximately $72.4 billion. The rapid growth of IBIT, achieving significant assets in just 341 days, reflects the increasing institutional interest in Bitcoin. This substantial accumulation positions BlackRock among the largest Bitcoin holders, indicating a shift from skepticism to acceptance of Bitcoin as a legitimate asset class. BlackRock views Bitcoin as a critical component for long-term diversified portfolios, emphasizing its scarcity, potential as a hedge against fiat risks, and role in the digital economy. Despite the criticism regarding the centralization inherent in institutional ownership, the involvement of a reputable firm like BlackRock presents benefits such as improved liquidity and market stability. The regulatory landscape also impacts Bitcoin's institutional adoption, posing challenges for products outside of Bitcoin. Nonetheless, BlackRock’s strategy signifies broader acceptance and legitimization of Bitcoin in mainstream financial portfolios, benefiting retail investors seeking exposure through traditional platforms.

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