According to data from BlackRock’s official website, its Bitcoin spot ETF “IBIT” reached a position size of $20 billion in just 137 days, making it not only the largest Bitcoin spot ETF in the world but also the fastest-growing ETF in history.
(Previous summary:
Surpassing Grayscale GBTC! BlackRock’s IBIT holdings approach $20 billion, becoming the world’s largest Bitcoin spot ETF.)
(Background information:
BlackRock’s Bitcoin spot ETF “IBIT” has seen 70 consecutive days of net fund inflows, entering the top ten historical rankings.)
BlackRock, the world’s largest asset management company, has officially surpassed Grayscale’s GBTC this Tuesday (28) with its Bitcoin spot ETF “IBIT”, becoming the largest Bitcoin spot ETF in the world with a position size of nearly $20 billion.
IBIT, the fastest-growing ETF in history
Furthermore, according to data from BlackRock’s official website, since its trading debut on January 11th, IBIT has successfully attracted approximately $19.45 billion in fund inflows as of May 30th, making it the fastest-growing ETF in history.
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Key data of IBIT
In response to this, Bloomberg ETF analyst Eric Balchunas praised IBIT as a legend:
IBIT becomes a new indicator for judging BTC trends?
We know that due to management fees that are 5-6 times higher than its competitors, Grayscale has been experiencing continuous fund outflows after successfully converting its Bitcoin trust GBTC into a spot ETF. This has also led to the market facing selling pressure from GBTC just after the launch of Bitcoin spot ETF.
Further reading:
Grayscale CEO resigns abruptly, GBTC experiences net outflow of $17 billion, is it related to the collapse? Rumors of Grayscale acquisition circulating online?
In contrast, according to data from SoSoValue, since its launch in early January until mid-April, IBIT has experienced continuous fund inflows for three consecutive months. Additionally, according to the US 13F institutional holdings report, as many as 414 institutions invested in BlackRock’s IBIT in Q1 of this year.
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Comparison of IBIT and GBTC holdings changes
In response, cryptocurrency market maker Wintermute stated:
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