Bitcoin (BTC) stands as one of the top-performing assets of the past ten years. Since its introduction, the value of BTC has soared by several thousand percent. Many worldwide financial firms, notably BlackRock, which is the largest asset manager with nearly $10 trillion in managed assets, have taken notice of the significant earnings. Nevertheless, even with the substantial returns offered by BTC, major finance players have been hesitant to dive into the cryptocurrency space, probably owing to its unpredictable nature. Organizations favored the establishment of an ETF that is tied to the current market value, as it would minimize potential hazards. Earlier in the month, the United States Securities and Exchange Commission took an unprecedented step by authorizing 11 exchange-traded funds (ETFs) based on actual Bitcoin holdings. A candidate for the position is BlackRock. Related news includes BlackRock CEO Larry Fink recognizing worth in an Ethereum-based ETF. Currently, the biggest asset manager globally possesses 11,439 Bitcoins, valued at approximately $469.93 million. BlackRock possesses the second-largest amount of Bitcoin among funds sanctioned by the SEC, with only GrayScale having more. However, BlackRock is not the leading holder of Bitcoin.