Bloomberg ETF analyst Eric Balchunas did not mince words in putting into context just how impressive the early performance of BlackRock’s spot Bitcoin ETF has been.
BlackRock’s ETF “reported 414 holders in its first 13F season, which is incredible and breaks records,” Balchunas said. Posted in On Thursday. “Even having 20 holders as a newborn is a BFD. It’s very rare.”
Over the course of a month and a half, there has been a trickle of 13F filings for financial institutions required to report their holdings as of the end of Q1 2024, providing insight into which organizations have purchased physical Bitcoin ETF shares and the exact amount for each institution. I did. purchased.
BlackRock’s ETF, IBIT, has been the most popular in terms of growth, growing from $0 in assets under management when it launched in January to $16.65 billion in AUM as of Thursday, according to The Block Data Dashboard.
With $844 million worth of BlackRock ETFs, Millennium Management leads the way as the company that owns the most IBIT stocks. Schonfeld Strategic Advisors and Aristeia Capital had $248 million and $163 million, respectively, according to Fintel data.
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About the author
RT Watson is a senior reporter at The Block, covering a variety of topics including US-based companies, blockchain games, NFTs, and more. He previously covered entertainment for The Wall Street Journal, writing about Disney, Netflix, Warner Bros. and the creator economy, focusing primarily on technological disruption across media. Previously, she covered corporate, economic and political news in Brazil at Bloomberg. She interviewed a wide range of figures for RT, including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers, and convicted criminals. She holds a Master’s degree in Digital Sociology.