A mysterious wallet has recently amassed more than 118,000 BTC in the past 90 days, becoming the third largest holder of Bitcoin. This has caused speculation among the community as to who the true owner of the wallet is.Data from BitInfoCharts suggests that the wallet is worth $3.09 billion and is trailing behind the cold wallets controlled by crypto exchanges Binance and Bitfinex. This has led many to believe that another centralized exchange might be behind this wallet’s ownership, with Gemini emerging as a potential contender.The BlackRock speculation comes amidst a heightened frenzy of a potential spot Bitcoin ETF. The largest transaction on the address in question occurred on 16 May, a month before the firm applied for a spot Bitcoin ETF to the Securities and Exchange Commission (SEC). Should this application receive approval, it would be the first product of its kind in the country.Speculations are rife that Bitcoin will continue to drop until a spot BTC ETF is approved by the financial regulator. Consequently, if BlackRock has indeed been accumulating BTC, this scenario could potentially work to the advantage of the company. However, there’s no solid proof to back the claims that BlackRock is behind the wallet.

Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	8
People	Winklevoss, Colin Wu, BlackRock, SEC.
Companies	Gemini, BitInfoCharts, Binance, Bitfinex, BlackRock
Currencies	Bitcoin, Ethereum, Binance, Bitfinex, SEC
Securities	None