The world’s largest asset manager, BlackRock, now holds 3.8% of the total Bitcoin supply through its iShares Bitcoin Trust ETF (IBIT). Bloomberg analyst Eric Balchunas has described this development as wild, noting that Equity ETFs cannot match this stat despite being significantly older than IBIT. ‘Bonkers:’ Expert Comments On BlackRock’s Ownership of 3.8% BTC Supply
The post BlackRock Now Holds 3.8% of Bitcoin Supply; Bloomberg Analyst Explains Why It’s ‘Extraordinary’ appeared first on CoinGape.
