Global asset management giant BlackRock has surpassed 662,500 Bitcoins held through its iShares Bitcoin Trust (IBIT), accounting for more than 3% of the current Circulating Supply. Based on the latest market price, this Holdings is worth as much as $72.4 billion. Such a large-scale institutional increase is profoundly affecting the landscape of the Crypto Assets market and the mindset of investors.

Since the launch of IBIT in January this year, BlackRock has amassed Bitcoin assets at an astonishing pace. In just 341 days, IBIT achieved growth equivalent to what the SPDR Gold Shares ETF accomplished in over 1,600 trading days, setting a new record for ETF growth speed. Currently, BlackRock's Bitcoin Holdings have surpassed most major Crypto Assets exchanges and companies, second only to the estimated 1.1 million coins held by Satoshi Nakamoto.

BlackRock believes that the widespread participation of institutional investors helps enhance the price discovery mechanism of Bitcoin, improve market liquidity, and gradually build a more stable trading environment. This viewpoint has received a positive response from the market, as Goldman Sachs injected $1.4 billion into BlackRock's Bitcoin fund in the first quarter, highlighting the growing confidence of institutional investors in Crypto Assets.

In terms of investment strategy, BlackRock recommends allocating 1-2% of Bitcoin in a traditional 60/40 portfolio, viewing it as an effective portfolio supplement. They specifically pointed out that Bitcoin's fixed total supply of 21 million could become a powerful tool to hedge against the depreciation of the dollar.

With the continuous influx of institutional funds, the Bitcoin market is undergoing unprecedented changes. This not only alters investors' perceptions of Crypto Assets but may also have a profound impact on Bitcoin's price volatility. Market participants are closely monitoring the development of this trend and the potential long-term structural changes it may bring to the market.