BlackRock Bitcoin ETF surpasses MicroStrategy holdings

BlackRock's BTC exchange-traded fund (ETF) has surpassed MicroStrategy's cryptocurrency holdings. As of March 8, BlackRock's IBIT (iShares Bitcoin Trust) holds 197,943 BTC, valued at over $13.5 billion. This achievement comes after nearly 40 trading sessions after the approval of nine new funds by the United States Securities and Exchange Commission (SEC) on January 10. Excluding Grayscale's GBTC, the newly introduced Bitcoin ETFs collectively hold assets worth $28 billion, reflecting the ongoing institutional demand driving the cryptocurrency's ascent. On March 8,