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BlackRock’s Bitcoin ETF Dominates with Substantial Corporate Investors

BlackRock's Bitcoin ETF Dominates with Substantial Corporate Investors

  • Eric Balchunas, a senior ETF analyst at Bloomberg, broke the news of the astounding event.
  • BlackRock’s iShares Bitcoin Trust has 250 holdings and a lot of interest.

The iShares Bitcoin Trust (IBIT), an exchange-traded fund (ETF) for bitcoin owned by BlackRock, has surpassed all of its rivals in terms of the number of corporations that have invested in it. There are already 250 corporate investors of the BlackRock Bitcoin ETF, which began operations on January 11 after receiving permission from the US SEC for spot ETFs.

Eric Balchunas, a senior ETF analyst at Bloomberg, broke the news of the astounding event. It is worth mentioning that the BlackRock ETF stands out due to more than simply its remarkable holdings. The astounding number of holders it has drawn in only three months after inception is the most remarkable aspect.

Investors Optimistic

Investors are showing a lot of faith in Bitcoin as an asset class, as BlackRock’s iShares Bitcoin Trust has 250 holdings and a lot of interest. According to its most recent statement with the SEC, the Boston-based investment company Bracebridge Capital has the highest stake among the 250 holders of $IBIT, with holdings totaling $100,638,773.

When compared to the previously stated number that Rubric Capital filed with the US SEC, this amount is more impressive. More than $69.7 million is the total value of the company’s 1,722,497 units of IBIT shares.

Notable holder numbers have also been seen for other Bitcoin ETFs that were introduced around the same time. But compared to BlackRock, their numbers are astronomically smaller. Bitwise Bitcoin (BITB) ETF has 60 investors, whilst Fidelity Wise Origin Bitcoin (FBTC) has 136. With 42 corporate holdings, Ark 21Shares Bitcoin ETF follows closely behind.

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