According to data from BitMEX, BlackRock's IBIT now has nearly 198,000 Bitcoin, outpacing MicroStrategy’s holdings.
BlackRock's spot Bitcoin exchange-traded fund (ETF) has outpaced MicroStrategy’s holdings of the cryptocurrency.
According to data compiled by BitMEX Research, BlackRock's IBIT holds 197,943 Bitcoin, worth over $13.5 billion as of March 8, nearly 40 trading sessions after the Securities and Exchange Commission approved nine new funds on Jan. 10.
Excluding Grayscale’s GBTC, the newly launched Bitcoin ETFs collectively hold assets valued at $28 billion as institutional demand continues to drive the cryptocurrency upward. On March 8, the Bitcoin price crossed the $70,000 mark for the first time.
