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BlackRock's IBIT holdings of 780,000 BTC lead the way, with a widening gap in institutional Bitcoin allocations.
The latest on-chain data from the crypto world shows the Bitcoin holdings of several heavyweight institutions. BlackRock's iShares Bitcoin Trust (IBIT) firmly holds the top position, with 788,480 BTC — this volume is already quite astonishing.
Strive Funds' ASST holds 7,525 BTC, with 25.58 coins lying in the Stacking Sats account, and even small players like XCE NA have allocated 0.1 coin.
What can be seen from this set of numbers? Traditional financial giants have deeply entered the crypto market, and there is an extremely large gap in holdings. IBIT alone is worth hundreds of times more than several others combined, and the differentiation of holdings among institutions is intensifying.