Recent data reveals that Blackrock, the globe’s leading asset manager boasting over nine trillion in assets under management (AUM), now possesses 33,430.56 bitcoin, valued at approximately $1.34 billion. Similarly, the financial powerhouse Fidelity has increased its bitcoin holdings, with the Fidelity Wise Origin spot bitcoin exchange-traded fund (ETF) now owning 30,169.54 bitcoin, equivalent to around $1.26 billion in value.
Financial Titans Blackrock and Fidelity Amplify Bitcoin Holdings
The latest figures, as of January 19, 2024, show that Blackrock’s Ishares IBIT spot bitcoin ETF has expanded its bitcoin reserves to 33,430.56 BTC, marking a rise of 4,808.56 BTC since their previous disclosure. The value of this digital currency cache, as of January 22, 2024, is pegged at $1.34 billion, based on the current BTC exchange rates. Blackrock’s IBIT stands out as the second-largest spot bitcoin ETF in terms of reserves, trailing only behind Grayscale’s GBTC.
Hot on Blackrock’s heels, Fidelity’s FBTC is also on a bitcoin accumulation spree. As reported on their website on January 22, 2024, Fidelity now holds 30,169.54 bitcoin, with a market value of $1.26 billion.
Both the IBIT and FBTC ETFs impose a 0.25% management fee, with Blackrock offering an introductory fee of 0.12% for the first six months. In contrast, Fidelity’s ETF has a promotional offer of zero fees until July 31, 2024, or roughly six months.
In the meantime, Bitwise’s BITB spot bitcoin ETF witnessed a modest growth from 10,136 BTC to 10,152 BTC. Valkyrie’s BRRR spot bitcoin ETF also recorded a slight increase, from 1,712 BTC to 1,737.23 BTC. BITB is enticing investors with zero fees for the first six months, while BRRR is waiving fees for three months.
Franklin Templeton‘s EZBC fund reported a growth in its bitcoin holdings from 1,131 BTC on January 14 to 1,160 BTC by January 21, 2024. Despite these increases, none of the new spot bitcoin ETFs have yet to reach the reserve levels held by Blackrock and Fidelity.
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