As the trend has been since the United States Securities and Exchange Commission (SEC) greenlighted spot Bitcoin ETFs in January, BlackRock Inc’s IBIT has once sustained its lead in the ETF game. The Bitcoin ETF recently recorded massive flows and record corporate holders.
BlackRock Shocks Spot Bitcoin ETF Market
According to Bloomberg Senior ETF analyst Eric Balchunas, BlackRock’s IBIT ended up with 414 reported holders in its first 13F season. In his opinion, this record is “mind boggling” considering that a newly launched ETF with only 20 holders is very rare. He reckons that this could be seen as a massive achievement.
A recent report from Coingape revealed that the majority of these 414 corporate holders predominantly support IBIT. Markedly, this number signals confidence in the potential of Bitcoin as an asset class. Bracebridge Capital, the Boston-based investment firm, holds a significant stake in $IBIT, with holdings amounting to $100,638,773 per its latest filing with
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