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BlackRock’s Bitcoin ETF Surpasses Competitors in Corporate Holder Count

BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), has achieved a significant milestone, outpacing its competitors in terms of the number of corporate holders.

Since gaining approval from the United States Securities and Exchange Commission on January 11, the BlackRock Bitcoin ETF now boasts 250 corporate holders.

Reported by Eric Balchunas, a Senior ETF Analyst at Bloomberg, this development sets the BlackRock ETF apart not only for its impressive holdings but also for the substantial number of holders it has attracted within the first quarter of its launch.

Among the 250 holders, Bracebridge Capital, a Boston-based investment firm, holds the largest stake in IBIT, with holdings totaling $100,638,773 as per its latest filing with the SEC. This surpasses the holdings of Rubric Capital, which previously held the largest stake.

Bracebridge Capital’s significant investment in IBIT reflects a bullish sentiment toward Bitcoin-related assets, as evidenced by its substantial holdings in other Bitcoin ETFs like ARKB and GBTC.

In comparison, other Bitcoin ETFs launched around the same time have seen notable holder counts but fall short of BlackRock’s numbers. Fidelity Wise Origin Bitcoin (FBTC) boasts 136 holders, while Bitwise Bitcoin (BITB) ETF and Ark 21Shares Bitcoin ETF have attracted 60 and 42 holders, respectively.

The data underscores the growing investor appetite for BTC exposure through ETFs, with recent inflows recorded by BlackRock and Fidelity amid market volatility.

As institutional and retail investors increasingly seek exposure to Bitcoin, competition among Bitcoin ETF providers is expected to intensify. With BlackRock’s Bitcoin ETF leading in holder count, it solidifies its position as a frontrunner in the Bitcoin ETF market.

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Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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