Claim BonusSpot Bitcoin ETF: Here’s How Many Coins BlackRock Currently Holds
It has been almost 72 hours since the United States Securities and Exchange Commission (SEC) approved eleven spot Bitcoin ETF applications including that of top investment asset management firm BlackRock.
BlackRock Bitcoin ETF Current Value
By the end of the first trading day for the Bitcoin ETF, over $4.5 billion was recorded in trading volume. Grayscale led the market by recording about $1.9 billion, leaving the other ETF providers with only a minute fraction of the market. For a top market leader with a stellar reputation, one would have expected BlackRock’s iShare Bitcoin Trust (IBIT) to gain significant traction beyond what it pulled off in the market.
More than two trading days after, BlackRock holds only 11,439 BTC valued at more than $497 million for its spot Bitcoin ETF. This is not to say that the Bitcoin ETF did not have a successful launch, on the contrary, it did but the volume did not match up with the bogus figures many market proponents projected.
BlackRock CEO Larry Fink is excited about his firm’s achievement so far in terms of the Bitcoin ETF. He is gearing up to bring spot Ethereum ETF to the market very soon.
Bitcoin Price in Fluctuation Mode
Meanwhile, the underlying cryptocurrency of the newly launched ETF is currently not performing as expected. At the time of this writing, Bitcoin’s market value was $42,785.44, climbing to $46,000 a few days before the SEC announced its support for the spot Bitcoin ETF.
Per the current outlook, the spot Bitcoin ETF approval is yet to positively impact the price of Bitcoin.
There have been some different factors influencing the downtrend in the price of Bitcoin. Based on an explanation offered by veteran crypto trader and the CEO of Blockchain Investment Fund and Advisory service Ran Neuner, Grayscale Bitcoin Trust (GBTC) liquidation has contributed significantly to the plunge in Bitcoin’s price.
Some key market players are still optimistic about the future outlook of Bitcoin. Top crypto analyst Michaël van de Poppe made a bold prediction that Bitcoin price might hit $600,000, implying that he expects the token to climb by almost 1,176% in the near future.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin vs Gold Feb 2026: Which Asset Could Spike Next?
- Top 3 Reasons Why Crypto Market is Down Today (Feb. 22)
- Michael Saylor Hints at Another Strategy BTC Buy as Bitcoin Drops Below $68K
- Expert Says Bitcoin Now in ‘Stage 4’ Bear Market Phase, Warns BTC May Hit 35K to 45K Zone
- Bitcoin Price Today As Bulls Defend $65K–$66K Zone Amid Geopolitics and Tariffs Tensions
- COIN Stock Price Prediction: Will Coinbase Crash or Rally in Feb 2026?
- Shiba Inu Price Feb 2026: Will SHIB Rise Soon?
- Pi Network Price Prediction: How High Can Pi Coin Go?
- Dogecoin Price Prediction Feb 2026: Will DOGE Break $0.20 This month?
- XRP Price Prediction As SBI Introduces Tokenized Bonds With Crypto Rewards
- Ethereum Price Rises After SCOTUS Ruling: Here’s Why a Drop to $1,500 is Possible
