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Bitcoin ETFs have become a significant part of the cryptocurrency landscape, with two major players, Blackrock and Fidelity, controlling substantial amounts of Bitcoin. The iShares Bitcoin Trust by Blackrock, known as IBIT, currently holds 352,843 BTC. This represents approximately 1.68% of the total 21 million Bitcoin that will ever exist, underscoring the trust’s massive influence and stake in the market.
Fidelity’s Wise Origin Bitcoin Fund, denoted as FBTC, also commands a notable share of the Bitcoin supply, with 178,394 BTC. This accounts for 0.849% of the total Bitcoin supply, reflecting its robust participation in the cryptocurrency sector. The holdings of these ETFs highlight the growing institutional interest in Bitcoin as an investment vehicle.
Collectively, Blackrock and Fidelity manage 531,237 BTC through their ETFs, marking a significant concentration of Bitcoin ownership. Their involvement indicates not only their belief in Bitcoin’s potential as a store of value but also their substantial role in shaping the liquidity and market dynamics of Bitcoin trading.
