BlackRock IBIT surpasses rivals with 734,000 BTC holdings, Jordan Kerridge notes

BlackRock IBIT surpasses rivals with 734,000 BTC holdings, Jordan Kerridge notes
BlackRock IBIT leads spot ETF holdings

Jordan Kerridge reports that BlackRock’s IBIT now holds approximately 734,000 BTC, placing it well ahead of other spot Bitcoin ETFs. Strategy remains the largest public holder with 843,775 BTC, while Fidelity’s FBTC comes next with about 183,000 BTC. Kerridge adds that IBIT leads its nearest ETF competitor by more than 550,000 BTC and holds over 16 times more Bitcoin than the next-largest public holder.

Earlier, Kerridge noted that almost 47% of Bitcoin was held at an unrealized loss, a position often observed in late bear markets. Separately, Elon Musk recently stated he wants Bitcoin to succeed, according to a report by Kerridge on Musk's comments. These developments add context as institutional holders continue to accumulate significant amounts of Bitcoin.

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