ETF holds over 500,000 BTC: On December 6, 2024, BlackRock’s ETF made a significant purchase of 7,750 BTC, valued at 253.2 million USD, elevating its total holdings past 500,000 BTC. This acquisition positions it as one of the largest private holders of Bitcoin globally, reflecting increased societal confidence in Bitcoin.

Bitcoin ETF reaches 50 billion USD: Since its recent inception, BlackRock’s Bitcoin ETF has rapidly grown its assets to 50 billion USD, highlighting an increasing investor trust. This trust in regulated cryptocurrency vehicles provides an efficient entry point for institutional investors without managing digital assets directly.