The iShares Bitcoin Trust from BlackRock, known as IBIT, has secured a significant foothold in the Bitcoin market, currently holding 347,608 Bitcoins. This represents approximately 1.65% of the total Bitcoin supply, demonstrating BlackRock’s robust entry into cryptocurrency investments. Similarly, the Fidelity Wise Origin Bitcoin Fund, referred to as FBTC, has amassed 176,951 Bitcoins, accounting for 0.84% of the market. Together, these two funds now control 2.49% of all circulating Bitcoins, marking a substantial presence by traditional financial institutions in the digital currency space. Their investments highlight the growing confidence and acceptance of Bitcoin within the traditional financial sector.

Bitcoin Treasuries