BlackRock, Inc (BLK, NYSE) is a multinational investment company headquartered in NYC. It is considered the world's largest asset manager with offices in 30 countries and clients in 100 countries.
With the recent approval by the SEC for bitcoin spot market exchange-traded fund (ETF), BlackRock launched its Ishares Bitcoin Trust(IBIT).
Who Owns BlackRock?
BlackRock is a publicly traded company with assets of over $9.2 trillion. BlackRock was founded in 1988 by Larry Fink, Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein, and Keith Anderson. Currently Larry Fink is Chairman and CEO of the company.
Does BlackRock Own Ethereum?
Currently the ETF is for bitcoin and cash only. But Larry Fink has stated that he sees a case for a spot Ethereum ETF if approved by the SEC.
Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $38.92.
In less than five months, the iShares Bitcoin Trust (IBIT) has become the largest spot bitcoin ETF in the U.S. by assets under management (AUM), surpassing the Grayscale Bitcoin Trust (GBTC).
Largest shareholders include Millennium Management Llc, Schonfeld Strategic Advisors LLC, Aristeia Capital Llc, Boothbay Fund Management, Llc, Bracebridge Capital, LLC, State Of Wisconsin Investment Board, Graham Capital Management, L.P., Crcm Lp, Pine Ridge Advisers LLC, and Rubric Capital Management LP .
However, some estimates can be made based on blockchain data and surveys of Bitcoin holders. According to data from Bitinfocharts, as of March 2023, there are approximately 827,000 addresses that hold 1 bitcoin or more, representing around 4.5% of all addresses on the Bitcoin network.
Satoshi Nakamoto owns the most bitcoin with an estimated 1.1 million BTC. Satoshi not only invented but was also the first miner to create blocks of transactions.
In its 13F-HR filing , the quantitative trading firm disclosed that as of March 31, 2024, it holds 17.27 million shares ($1.09 billion) in the Grayscale Bitcoin Trust (GBTC).
Introduction: My name is Stevie Stamm, I am a colorful, sparkling, splendid, vast, open, hilarious, tender person who loves writing and wants to share my knowledge and understanding with you.
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