BlackRock Breaks Silence, Buys More Bitcoin—Betting on Bill’s Passage?

▲ BlackRock Bitcoin/ChatGPT-generated image

BlackRock, the world’s largest asset manager, is expanding its Bitcoin (BTC) accumulation at a time when the likelihood of the U.S. crypto market structure bill advancing into law is increasing, leading institutional investors’ optimistic outlook on the market.

According to crypto-focused media outlet CoinGape on February 21 (local time), BlackRock recently purchased approximately $65 million worth of Bitcoin through its spot Bitcoin ETF, IBIT. The acquisition came as the probability of the U.S. crypto market structure bill, known as the CLARITY Act, passing Congress surged in prediction markets. The large capital inflow is interpreted as reflecting major institutions’ confidence that regulatory uncertainty will be resolved.

The U.S. crypto market structure bill aims to clearly define the jurisdiction of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over digital assets. Legislative proceedings are gaining momentum as the White House has set a March 1 deadline to resolve disputes related to stablecoin oversight. Major prediction platforms such as Polymarket estimate the likelihood of the bill passing within the year at over 80%, heightening expectations for regulatory clarity.

BlackRock’s latest move symbolizes Bitcoin’s growing establishment as a core asset within the traditional financial system. Once clear regulatory guidelines are in place, it could pave the way for significant capital inflows from pension funds and sovereign wealth funds that have hesitated due to legal risks. The crypto industry anticipates that passage of the bill will enhance market transparency and trigger a long-term, institution-led bullish cycle.

The pro-crypto policy stance of U.S. President Donald Trump’s administration is also adding momentum to the legislative push. The establishment of clear government-level guidelines is considered essential for the United States to position itself as a global hub for digital assets. BlackRock has proactively responded to these macro-level policy shifts, steadily increasing its Bitcoin holdings and reinforcing its market dominance.

The convergence of BlackRock’s large-scale capital deployment and rising expectations for the bill’s passage marks a new phase in the institutional adoption of digital assets. Market participants are closely watching upcoming congressional vote schedules and detailed implementation rules from regulators for their potential impact on Bitcoin’s asset value.

Disclaimer: This article is for investment reference purposes only, and we are not responsible for any investment losses incurred based on it. The content should be interpreted solely for informational purposes.