Categories: Market Watch

Bloomberg Analyst Eric Balchunas: BlackRock Spot Bitcoin ETF’s Over 400 Holders is ‘Mind Boggling’

Bloomberg ETF analyst Eric Balchunas didn’t mince his words when contextualizing how impressive he finds the early performance of BlackRock’s spot bitcoin ETF. 

BlackRock’s ETF “ended up with 414 reported holders in its first 13F season, which is mind boggling, blows away record,” Balchunas posted to X on Thursday. “Even having 20 holders as a newborn is bfd, highly rare.”

For a month and a half, 13F filings for financial institutions — those required to report their holdings as of the end of the first quarter of 2024 — have been trickling in, providing insight into which organizations bought spot bitcoin ETF shares and exactly how much each purchased.

BlackRock’s ETF, ticker symbol IBIT, has been the most popular in terms of growth, swelling from zero dollars in assets under management as of its January launch to $16.65 billion in AUM as of Thursday, according to The Block Data Dashboard.
With $844 million worth of BlackRock’s ETF, Millennium Management led the way in terms of the firm that owns the most IBIT shares. Schonfeld Strategic Advisors and Aristeia Capital followed with $248 million and $163 million, respectively, according to Fintel data.
Terron Gold

Recent Posts

Cypherpunk Launches World’s Largest Zcash Mining Fleet in $33 Million Winklevoss Deal

Cypherpunk Technologies is expanding its massive bet on Zcash by launching what it calls the…

5 days ago

MapleStory Universe Launches AI Game Jam With $15,000 in NXPC Prizes

MapleStory Universe is putting artificial intelligence in the hands of game creators with the launch…

6 days ago

Kalshi Pushes Beyond Prediction Markets With Copper Perpetual Future Filing With CFTC

Kalshi is making another major move beyond prediction markets, filing with the Commodity Futures Trading…

6 days ago

Coinbase Brings 50x Crypto Perpetual Trading to Base App Through Hyperliquid

Coinbase is bringing high-leverage decentralized derivatives directly into its Base App through an integration with…

6 days ago

Hong Kong Puts First Regulated Stablecoin to Work in Insurance and $49 Billion UAE Trade Market

Hong Kong's first regulated Hong Kong dollar stablecoin is moving beyond testing and into real-world…

6 days ago

Fake Trezor, Ledger and Exodus Apps Target Crypto Users in Massive Seed Phrase Scam

Cybersecurity researchers at Rapid7 have uncovered a sophisticated crypto fraud operation that used nearly 885,000…

7 days ago