According to U.Today, BlackRock iShares Bitcoin Trust (IBIT) has emerged as a dominant player in the Bitcoin ETF market. The asset manager recently disclosed its latest figures, revealing that its Bitcoin holdings have surged to over 342,000 BTC. As of July 31, 2024, BlackRock's total Bitcoin holdings stand at 342,658.96610 BTC, valued at approximately $22.5 billion, based on a market price of $65,770 per BTC. This milestone marks a significant achievement for BlackRock, especially following CEO Larry Fink's recent declaration of becoming a 'major Bitcoin believer,' a notable shift from his previous stance on the digital asset. Fink now acknowledges Bitcoin's authenticity despite some misuse of the cryptocurrency. In addition to its Bitcoin holdings, BlackRock also holds a substantial amount of USD Cash, totaling 325,375.08 in its portfolio. The asset manager experienced a bullish trend in July, with Bitcoin ETF inflows amounting to $525.5 million on July 23, marking one of its peak performances. In a strategic move, BlackRock expanded its ETF offerings by launching a spot Bitcoin ETF in January, which has seen considerable success. Building on this momentum, the company recently filed for a spot Ethereum ETF. Last month, BlackRock's spot Ethereum ETF began trading alongside those of eight other companies. Market analysts are closely monitoring the performance of the Ethereum ETF, speculating whether it will replicate the success of the Bitcoin ETF. While there is optimism about BlackRock's potential investment in Ethereum, analysts caution that the growth trajectory may be slower compared to Bitcoin.