The largest asset manager in the world, with assets nearing $11.6 trillion, currently possesses over 567,000 Bitcoin (BTC), valued at more than $47.8 billion, positioning it as one of the primary BTC holders globally.
As reported by Arkham Intelligence, the latest acquisition of BTC by the asset manager took place on March 14, when a Coinbase Prime wallet transferred 268 BTC, worth over $22 million, to its iShares Bitcoin ETF (IBIT) wallet.
Tracking on-chain funds flowing to and from the asset manager.
Data also indicates that the asset manager holds more than 1.2 million Ether (ETH), valued at around $2.3 billion, approximately 70 million in USDC stablecoins, along with a variety of other altcoins.
Bitcoin exchange-traded funds (ETFs) are widely regarded as the most successful ETF launches in history, as major asset managers drive significant liquidity into the crypto markets, disrupting the typical cycles of capital rotation associated with crypto investments.
Overview of the asset manager’s cryptocurrency holdings.
Related: $420M loss for the Bitcoin fund as ETF slump continues for seven days.
Crypto ETFs face four weeks of outflows
Crypto ETFs encountered four consecutive weeks of outflows in February and early March 2025 due to prevailing macroeconomic uncertainties and concerns stemming from a prolonged trade conflict.
According to data from CoinShares, recent market downturns led to outflows totaling $4.75 billion, with the week of March 9 witnessing $876 million in outflows.
The iShares Bitcoin fund experienced outflows of $193 million during the week of March 9, while all BTC ETFs saw a cumulative outflow of $756 million in the month to date.
Recent trends in weekly crypto fund flows show a downturn with four consecutive weeks of outflows.
Despite the ongoing volatility and macroeconomic concerns, the asset manager integrated IBIT into its model portfolio in February 2025.
These model portfolios consist of preset investment strategies featuring a diverse range of financial instruments and varying risk profiles. They are marketed to asset managers, who then present these tailored investment options to potential investors.
Including an ETF like IBIT in a model portfolio can significantly enhance inflows by drawing in new capital.
For IBIT, including this ETF in a ready-made investment portfolio allows investors who prefer a more hands-off approach to gain exposure to Bitcoin without the need to self-custody the digital asset or conduct on-chain transactions.
Magazine: Bitcoin ETFs position Coinbase as a prime target for hackers and government interest: Trezor CEO.