Just caught something interesting while scrolling through the latest ETF data - BlackRock's Bitcoin spot ETF (IBIT) just hit a record 806,700 BTC in holdings, now worth around $63.7 billion. That's massive institutional accumulation. What caught my eye is how this dominates the entire US spot ETF market at nearly 50% of total assets. Pretty wild when you think about it.



But here's where it gets competitive: MicroStrategy actually just took the top spot as the largest holder with 815,061 BTC on their balance sheet. Michael Saylor's been buying aggressively lately - they picked up nearly 14,000 BTC in a single day last month. The gap between IBIT and MicroStrategy is only around 8,300 BTC now, so this race is pretty tight.

What's driving all this? IBIT saw nine straight days of inflows not long ago, adding about 21,500 BTC during that stretch. Even broader, US spot Bitcoin ETFs collectively pulled in roughly $2 billion over four consecutive weeks. Institutional demand for regulated Bitcoin exposure through these ETF products keeps accelerating as the market stabilizes. The BTC spot ETF space is definitely becoming the go-to vehicle for serious capital.
BTC0.82%
IBIT1.17%
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