One simply cannot swing a pocketbook these days without colliding with news of BlackRock’s ever-expanding fortune. Their iShares Bitcoin Trust (IBIT)—a name so dazzlingly prosaic it makes “dry toast” sound like a Broadway number—has deftly acquired more than 700,000 BTC. That’s not just stacking coins; it’s launching a full-blown golden age for digital magpies. Total tally? Why, a wallet-bulging $75 billion. And darling, that’s before lunchtime.
BlackRock now commands so much digital currency it makes old-fashioned bankers weep into their ledgers. With IBIT clutching a titanic 55% share of U.S. spot ETFs, rumor has it even Satoshi Nakamoto’s ghost is standing in line for autographs. Since its January debut, this fund has soared more than 80%. Yes, you heard correctly—more than eighty percent—leaving the S&P 500 ETF in the dust, waving a tiny handkerchief and muttering about “the good old days.”
This isn’t a solo act, mind you. With Strategy Inc. also at the party—freshly minted as the grandest of corporate Bitcoin hoarders—U.S. ETFs have snapped up almost $28.2 billion in Bitcoin this year alone. Miners, on the other hand, are producing digital nuggets at the meager pace of $7.85 billion. Supply? Please. Demand is running laps around it, only breaking stride for a quick February tantrum.
On the regulatory stage, the SEC—never one to miss a spectacle—appears to be clearing the dance floor for new ETF delights. Sources whisper of a swanky, streamlined 75-day approval process. Meanwhile, let’s not forget the much-hyped U.S. debut of a staked crypto ETF, swirling Solana (SOL) and staking perks into the mix. Crypto on the main stage? Why not—it’s the new champagne at the high table. 🥂💸
Read More
- SOL PREDICTION. SOL cryptocurrency
- ETH PREDICTION. ETH cryptocurrency
- USD TRY PREDICTION
- SHIB PREDICTION. SHIB cryptocurrency
- WLD PREDICTION. WLD cryptocurrency
- EUR AUD PREDICTION
- EUR USD PREDICTION
- CRO PREDICTION. CRO cryptocurrency
- GBP CNY PREDICTION
- DOGE PREDICTION. DOGE cryptocurrency
2025-07-08 16:58