Coinbase News: BlackRock’s Bitcoin Holdings Skyrocket to $47 Billion Amid Surging Institutional Demand

In a major development in the cryptocurrency space, BlackRock, the world’s largest asset manager, has significantly increased its Bitcoin holdings, indicating a strong institutional demand for digital assets.

BlackRock’s Bitcoin Holdings Hit $47B, Institutional Demand Surges

BlackRock, the world’s largest asset manager, now holds 567,000 Bitcoin worth $47.8 billion. Recent data from Arkham Intelligence shows BlackRock added 268 BTC ($22 million) on March 14, despite ongoing market fluctuations. BlackRock also owns 1.2 million ETH ($2.3 billion) alongside other altcoins, showcasing its diversified crypto strategy. Notably, in February 2025, BlackRock integrated its Bitcoin ETF (IBIT) into its model portfolio, potentially attracting institutional investors seeking indirect BTC exposure.

Coinbase Seeks Approval for Cardano Futures Contracts

Coinbase is seeking regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC) to launch Cardano (ADA) futures contracts. This move would expand Coinbase’s derivatives offerings and potentially merge traditional commodities with cryptocurrency markets. If approved, the new futures contracts could launch as early as March 31. Coinbase Derivatives has submitted documentation for self-certification, which allows for an expedited approval process unless the CFTC raises objections.