As a researcher with a background in financial analysis and experience following the cryptocurrency market closely, I find Eric Balchunas’ recent discovery about BlackRock’s IBIT ETF to be quite intriguing. The fact that it has amassed an impressive 414 reported holders within its first 13F season is a significant feat. For context, even having 20 holders for a newly born ETF is considered a big deal and highly rare.
Expert response:
As a researcher, I was taken aback to discover that an astonishing 414 new investors had disclosed their holdings in the fund during its initial 13F filing period. This number, I must admit, is truly mind-boggling and surpasses any previous record we’ve encountered.
Balchunas explained that a newborn ETF with just 20 investors holding its shares is quite an achievement, as it’s not common occurrence.
An analyst presented a visual representation to illustrate the significant difference in size between BlackRock’s largest Bitcoin ETF and some of its competitors. Bitwise’s BITB has approximately 100 reported investors, Fidelity’s FBTC counts slightly below 250, and Ark Invest manages less than 100.
In its inaugural reporting period, $IBIT surprised many by amassing an impressive 414 institutional investors – a figure that far surpasses the norm and sets a new record. Even attaining just 20 backers as a fledgling fund is a significant achievement, considered uncommon in this realm. Let’s examine how Bitcoin ETFs from the January launch class (Class of 2024) stack up against each other regarding this metric.
— Eric Balchunas (@EricBalchunas) May 16, 2024
During this period, BlackRock’s Bitcoin ETF has experienced no new investments for the third day in a row. In contrast, the other nine Bitcoin spot ETFs have recorded inflows totaling $303 million on May 15, as indicated by data from the @spotonchain analytics account.
As a crypto investor, I’m excited to share that over the past few trading days, there has been a significant increase in net inflows for Bitcoin ETFs in the US. Specifically, a total of $303 million flowed into these ETFs on May 15, 2024.
— Spot On Chain (@spotonchain) May 16, 2024
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2024-05-16 17:22