BlackRock, the world’s largest asset manager, holds 3.8% of the total supply of Bitcoin supply through the ISHARES BITCOIN TRUST ETF (IBIT). Bloomberg analyst Eric Balknass describes the development as wild, noting that Equity ETF doesn’t match this statistic, despite being significantly older than IBIT.
‘Bonkers:’ Expert Comments on Ownership of BlackRock’s 3.8% BTC Supply
In X Post, Balchunas described Ibit’s 3.8% ownership of Bitcoin supply as a silly thing. He explained that equity ETFs require $2.2 trillion in assets to have similar ownership in the underlying asset class. Analysts at Bloomberg gave an example of how spies own 1.1% of most stakes. At 32 years old, IBit is still a “toddler.”
The BlackRock Bitcoin ETF was launched last year and has a net worth of $87.7 billion, accounting for 3.8% of BTC’s total supply. In particular, asset managers have just filed to amend the IBIT ETF under the new generic list standard, which could boost the fund’s operation and contribute to an increase in net assets.
Meanwhile, Balchunas has previously highlighted the collective success of Bitcoin ETFs. He revealed that they won $7.8 billion in the third quarter of this year, and their net inflow is now $21.5 billion (YTD) and $57 billion since they launched.
Spot Bitcoin ETF won $7.8 billion in the third quarter. I’ll climb steadily. But those here are the miserable BC living in a childish fantasy that expects an influx of one dollar every day. However, real growth in reality is a two-step FWD, a step back. via @jseyff pic.twitter.com/daejjtoyww
– Eric Balchunas (@ericbalchunas) September 30, 2025
This comes as Bloomberg analysts tried to highlight that BlackRock’s IBIT and other BTC funds have been contributing to the flagship’s crypto growth since its launch last year. He previously noted that Bitcoin prices have risen 340% since these ETFs appeared in the photos.
Second only behind Nakamoto at Island
Note that BlackRock is the second largest owner of Bitcoin, after only founder Nakamoto. Satoshi owns $1.12 million in BTC, while the world’s largest asset manager has 768,264 BTC.
Interestingly, Balchunas predicts that if IBIT ETF continues to witness net inflows at a record-breaking pace, by the time they overtake Satoshi, the asset manager could become the biggest Bitcoin holder by next summer.
He also said that there could be a “feeding frenzy” from advisors, so if BTC reaches $150,000 in the coming months, the timeline could be shorter. This madness may already be Ongoing, especially Vanguard, the second largest asset manager, is considering providing access to crypto ETFs during growth Request from the client.
BlackRock’s IBIT could be one of the products Vanguard has chosen to offer to its clients.