BlackRock, the world’s largest asset manager with $11.6 trillion AUM, now holds 567,000+ $BTC , valued at $47.8 billion, making it one of the largest Bitcoin holders globally.
📊 Key Highlights:
🔹 Latest Buy: 268 BTC ($22M) added on March 14 via Coinbase Prime.🔹 Other Holdings: 1.2M ETH ($2.3B), 70M USDC, and various altcoins.
🔹 ETF Impact: iShares Bitcoin ETF (IBIT) has driven massive liquidity into the crypto market.
🔹 Market Trends: Crypto ETFs saw 4 straight weeks of outflows in Feb-March, totaling $4.75B due to macro uncertainty.
🔹 Future Outlook: Despite outflows, BlackRock added IBIT to its model portfolio, potentially driving new institutional inflows.
With BlackRock doubling down on BTC, could this solidify Bitcoin’s role as "digital gold" in traditional finance?