Search Inside Bitcoins

BlackRock On Track To Hold World’s Largest Bitcoin Stash By Late 2025, Overtaking Satoshi Nakamoto, Binance

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

BlackRock Bitcoin ETF
BlackRock Bitcoin ETF

Join Our Telegram channel to stay up to date on breaking news coverage

Asset management titan BlackRock has become the third largest holder of Bitcoin (BTC), and is on track to become the top holder by late next year.

BlackRock’s spot Bitcoin ETF (IBIT) holds over 350,000 Bitcoins, the asset manager’s website shows.

With the current price of the leading crypto, the dollar value of the fund’s holdings stands at more than $20.8 billion.

BITCOIN: AN INVESTMENT? – greymile

Binance And Satoshi Nakamoto The Only BTC Holders Above BlackRock

The top two holders of Bitcoin above BlackRock’s IBIT are the crypto exchange platform Binance and the pseudonymous creator of Bitcoin, Satoshi Nakamoto.

”Didn’t realize US ETFs are on track to pass Satoshi in bitcoin held in October,” said Bloomberg Intelligence ETF analyst Eric Balchunas. “BlackRock alone is already #3 and on pace to be #1 late next year, and will likely stay there for a very long time.”

Spot Bitcoin ETFs in the US collectively hold 909,700 BTC.

Binance holds 550,133 BTC while Nakamoto owns around 1.1 million Bitcoins, according to on-chain data shared by Bloomberg ETF analyst Eric Balchunas.

Other firms that are among the top 11 BTC holders globally are asset manager Grayscale, Fidelity, MicroStrategy and crypto exchange Bitfinex.

Meanwhile, the US and Chinese governments hold 213,246 BTC and 190,000 BTC, respectively.

Spot Bitcoin ETFs Recorded Positive Net Flows For 8 Of The Last 10 Days

US spot Bitcoin ETFs have recorded positive net flows for 8 of the last 10 days, according to data from Farside Investors.

The investment products only saw $89.7 million and $81.4 million leave their reserves on Aug. 9 and Aug. 14 during that period.

BlackRock’s IBIT dominated, and either recorded positive flows or zero flows, with no capital leaving the fund during this period. 

On Aug. 20, Bitcoin ETFs continued to pull funds in, with $88 million in net inflows. BlackRock’s IBIT attracted the most capital yesterday after an additional $55.4 million was sent to the ETF.

Despite the positive flows over the last 10 days, BTC’s price has struggled. CoinMarketCap data shows that the largest altcoin by market cap dropped more than 2% in the last 24 hours to trade at $59,337.50 as of 8:15 a.m. EST.

Bitcoin is also down over 3% on the weekly time frame.

Related Articles:

Most Searched Crypto Launch - Pepe Unchained

Rating

Pepe Unchained
  • Layer 2 Meme Coin Ecosystem
  • Featured in Cointelegraph
  • SolidProof & Coinsult Audited
  • Staking Rewards - pepeunchained.com
  • $40+ Million Raised at ICO - Ends December
Pepe Unchained

Join Our Telegram channel to stay up to date on breaking news coverage

Read next

Please enter Coingecko Free Api Key to get this plugin works