Bitcoin Closely Tracks BlackRock’s iShares ETF $BERA $OG $TNSR
Bitcoin has reportedly been tracking BlackRock’s iShares ETF over the past five years, reflecting how institutional products can influence BTC price movements. BlackRock currently holds around 4% of the total Bitcoin supply, giving the firm significant market influence.
Such concentration shows the impact large institutional holders can have on crypto markets, as their buying or selling decisions may move prices and affect investor sentiment.