BlackRock's Bitcoin Spot ETF IBIT Holds Over 700,000 BTC

BlackRock's Bitcoin spot ETF, known as IBIT, has amassed over 700,000 BTC, valued at approximately $75.5 billion. This significant holding underscores the growing institutional interest in Bitcoin as a financial asset. According to Thomas Fahrer, co-founder of Apollo, the ETF currently holds 700,307 BTC, highlighting BlackRock's substantial influence in the cryptocurrency market.

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