, IBIT held 195,985 bitcoin on Friday after another day of significant inflows. Meanwhile, the most recent public statements from MicroStrategy show the company as of Feb. 26 held 193,000 tokens.Since the launch of the spot ETFs on Jan. 11, BlackRock's IBIT has often added hundreds of millions of dollars worth of bitcoin on a daily basis, establishing itself as the largest of the new spot products .
Next in line for IBIT would be Grayscale's GBTC, which has lost more than 200,000 bitcoin since the spot products opened for business, but still holds around 400,000 tokens. Massive demand for the new spot ETFs is the key reason for bitcoin’s more than 60% price surge this year. The cryptocurrency topped $70,000 for the first time ever Friday morning, eventually reaching a fresh all-time high of $70,136, according to datain a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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