BlackRock And Fidelity Control BTC Via ETF Bitcoin Spot

BlackRock, a leading investment company in the world, is one of the largest bitcoin owners. (Photo; Doc. Bitcoin Sistemi)

JAKARTA - Two giant US multinational investment companies, BlackRock and Fidelity, are Bitcoin's biggest buyers. This is intended for Bitcoin spot ETF investment services, the latest Bitcoin investment product approved by the SEC. Both companies have purchased more than 90,000 BTC worth $3.8 billion (IDR 60.09 trillion) through their Bitcoin spot ETF, according to data from CC15CAPital.

BlackRock, the world's largest asset manager with assets managed at $9.8 trillion (IDR 154.98 quadrillion), has acquired 49,952 BTC worth $2 billion (IDR 31.63 trillion) through iShares Bitcoin Trust (IBIT), the first Bitcoin spot ETF launched on NYSE. IBIT has an annual fee of 0.12%, which is the lowest among other Bitcoin spot ETFs.

Meanwhile, Fidelity, the world's second-largest asset manager with assets under management of $8.5 trillion (Rp 134.38 quadrillion), has purchased 43,855 BTC worth $1.8 billion (Rp 28.47 trillion) through Fidelity Wise Origin Bitcoin Fund (FBTC), an ETF Bitcoin spot managed by its subsidiary, Fidelity Digital Assets. The FBTC has an annual cost of 0%, meaning investors are not charged for investing in this ETF.

The third-largest Bitcoin buyer is Ark 21Shares, an investment firm led by Cathie Wood, a well-known investor bullish on Bitcoin. Ark 21Shares has purchased 13,285 BTC worth $555 million (Rp 8.78 trillion) through Ark 21Shares Bitcoin ETF (ARKB), an ETF Bitcoin spot trading on Nasdaq. ARKB has an annual fee of 0.21%.

The massive purchase of Bitcoin spot ETFs by BlackRock, Fidelity, and Ark 21Shares shows that Bitcoin is increasingly accepted by institutional investors as legitimate and attractive investment assets. It also reflects the positive attitude of the company's leaders towards Bitcoin.

Larry Fink, Chairman and CEO of BlackRock, once said that Bitcoin has the potential to become a global asset. Abigail Johnson, Chair and CEO of Fidelity, once said that Fidelity has a long-term vision for Bitcoin and crypto. In line with Fink, Cathie Wood, Founder and CEO of Ark 21Shares, once stated that Bitcoin is the most attractive asset he has ever seen.