Bitcoin Magazine reported that BlackRock owns 2% of the total Bitcoin supply. This figure comes eight months after the Bitcoin ETF was launched.

BlackRock’s accumulation in just eight months is causing concern among some, raising concerns that it will disrupt Bitcoin’s decentralized infrastructure.

BitMEX co-founder Arthur Hayes believes that companies like BlackRock becoming too successful could destroy Bitcoin.

Bitcoin Magazine host Isabella Santos said that BlackRock alone does not guarantee control over the blockchain ecosystem.