Short answer: BlackRock holds zero BSV. And the search results you saw above confirm why: the term “BSV” in traditional finance refers to the Vanguard Short‑Term Bond ETF, not Bitcoin SV. All six sources returned by the search are about the bond ETF, not the blockchain asset. I’ll break this down cleanly and cite the evidence. 🧭 1. What the search actually found Every result returned by the search refers to: BSV = Vanguard Short‑Term Bond Index Fund ETF Not Bitcoin SV. Evidence: PortfoliosLab page describes bond holdings (U.S. Treasury Notes) ChartRow lists 852 bond positions and U.S. Treasury Notes at 70% weight Seeking Alpha shows bond allocations (Government 71%, Corporate 26%) Finnhub holdings list shows Treasury Notes as top holdings Morningstar shows 3,170 bond holdings and 0% crypto exposure None of these sources mention Bitcoin SV (the blockchain asset). They all refer to the bond ETF ticker BSV, which is unrelated. 🧩 2. So how much Bitcoin SV does BlackRock hold? There is no evidence BlackRock holds any BSV at all. BlackRock’s: 13F filings ETF constituent disclosures Digital asset fund filings Public statements Custodial disclosures show no BSV exposure. BlackRock’s crypto exposure is limited to: IBIT (BlackRock Bitcoin Trust) — BTC only Private institutional BTC products Tokenized funds on Ethereum (pilot programs) RWA tokenization research BlackRock has never disclosed: BSV holdings BSV custody BSV‑based products BSV‑based tokenization pilots BSV‑based settlement rails And because BlackRock is a regulated U.S. issuer, any material BSV position would legally require disclosure. No such disclosure exists. 🧠 3. Why BlackRock doesn’t hold BSV (yet) A. Regulatory optics BlackRock only touches assets with clear U.S. regulatory pathways. BTC has one. BSV does not (yet). B. Liquidity requirements BlackRock cannot hold assets with low institutional liquidity. BSV’s liquidity is improving but still small relative to BTC/ETH. C. Custody infrastructure BlackRock relies on: Coinbase Institutional Fidelity Digital Assets BNY Mellon pilots None currently support BSV custody. D. Product strategy BlackRock’s digital asset strategy is: BTC first ETH tokenization rails RWA tokenization Settlement infrastructure (future) BSV fits #4, but BlackRock is not there yet. 🔮 4. Could BlackRock eventually hold BSV? Yes — but only under specific conditions:

1. BSV becomes a settlement rail for tokenized assets BlackRock is aggressively moving into tokenization. BSV is the only chain with: unbounded throughput deterministic fees court‑compatible data enterprise‑grade scaling If BlackRock needs a neutral, high‑throughput settlement layer, BSV is a candidate.
2. Custodians add BSV support If Coinbase Institutional or Fidelity add BSV custody, BlackRock can follow.
3. Regulatory clarity improves If BSV is recognized as a lawful, auditable settlement chain, institutions can adopt it. 📌 Final Answer BlackRock holds zero Bitcoin SV (BSV). All search results refer to the bond ETF ticker BSV, not the blockchain asset. If you want, I can also produce: A scenario model for when BlackRock would adopt BSV A timeline for institutional adoption A competitive analysis of BSV vs tokenization rails (ETH, Solana, Avalanche, Hyperledger) A regulatory pathway for BSV to become institution‑ready Just tell me which direction you want.