Yuri Molchan
Amazing new data about the largest spot Bitcoin exchange-traded fund revealed by Bloomerg analyst
Senior ETF analyst for Bloomberg Eric Balchunas has spread the word about the largest spot Bitcoin ETF – BlackRock’s IBIT – surpassing its rival ETFs not only by the amount of Bitcoin held but also by another important metric. This one has skyrocketed, according to a recent tweet published by Balchunas.
The analyst’s post reveals that a surprising 414 reported holders in the fund’s first 13F season have been reported. This is a “mind boggling” figure for this metric, the analyst admitted, adding that it “blows away [the] record.”
Balchunas then clarified that even if a newly born ETF gets 20 holders, that is already a big deal very rare.
The analyst provided an infographic to show how far behind some of the other largest spot Bitcoin ETFs stand behind BlackRock. Bitwise’s BITB boasts around 100 reported holders, Fidelity’s FBTC has slightly under 250 and Ark Invest has less than 100.
In the meantime, BlackRock’s ETF keeps seeing zero inflows for the third consecutive day. The other nine spot ETFs have seen positive inflows over the past three days, scooping up $303 million worth of Bitcoin on May 15, according to data shared by the @spotonchain analytics account.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.
His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.
