Recent data from Lookonchain, reported by Odaily, reveals that the BlackRock Bitcoin ETF (IBIT) has increased its Bitcoin holdings by approximately 4,460 BTC over the past two days, amounting to $289 million. This expansion brings IBIT’s total Bitcoin holdings to 362,192.679 BTC, valued at around $22.9 billion.

This significant increase underscores the rising institutional demand for Bitcoin, as BlackRock actively expands its Bitcoin ETF portfolio.