Key Takeaways Blackrock’s IBIT held 734,762 bitcoin worth $48 billion as of July 15, 2026.Coinbase Custody holds bitcoin for most spot ETFs, creating a single point of failure across the market.The SEC’s 2025 in-kind redemption approval cut forced selling but left custody risk unresolved. Blackrock‘s Ishares Bitcoin Trust, known as IBIT, is the largest of the group by a wide margin. As of July 15, 2026, the fund held 734,762 bitcoin worth $48 bi…
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