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BlackRock has significantly increased its holdings in its own Bitcoin ETF, IBIT, signaling a deeper commitment to cryptocurrency as part of its investment strategy. The $11 trillion asset manager now holds over 2.1 million shares worth $99.4 million.
- BlackRock holds 2.1M IBIT shares ($99.4M), up from 1.69M in late 2024.
- IBIT is the largest spot Bitcoin ETF with $72B+ in net assets.
- SEC approved 11 spot Bitcoin ETFs in January 2024, including BlackRock's.
📎 Related coverage from: cointelegraph.com