BlackRock & Grayscale Hold 3% of Bitcoin Supply

The Growing Influence of Bitcoin ETFs
In recent developments in the cryptocurrency markets, two major asset managers, BlackRock and Grayscale, have increased their holdings in Bitcoin through exchange-traded funds (ETFs). With these strategic moves, they now collectively hold nearly 3% of the total circulating Bitcoin supply. BlackRock's iShares Bitcoin Trust (IBIT) currently possesses 357,736.76 BTC, whereas Grayscale's GBTC holds 227,712.33 BTC. These figures illustrate a significant influence over the Bitcoin ecosystem. Additionally, Grayscale manages 5,962 BTC in its Digital Large Cap Fund and 32,692.09 BTC in its Grayscale Bitcoin Mini Trust, further extending its reach in digital assets.