BlackRock’s iShares Bitcoin Trust (IBIT), a Bitcoin ETF managed by a prominent asset management company, has received commendation from Bloomberg ETF expert Eric Balchunas. It has attracted 414 reported holdings during its initial 13F season, which is a remarkable achievement. Even having 20 holders is regarded exceedingly unusual for a new ETF.
Since its inception in January, IBIT has experienced rapid and significant development, increasing its assets under management from zero to $16.65 billion according to the most recent figures. Due to its rapid increase in popularity, this bitcoin ETF has become the most favored choice among investors.
These insights originate from the ongoing 13F filings, detailing which financial institutions invested in IBIT during the first quarter of 2024. The robust acceptance of IBIT indicates increased institutional interest in bitcoin-related investment products and signals a good start for BlackRock’s entrance into the spot bitcoin ETF market.
Among the main institutional investors of IBIT, Millennium Management leads with shares of $844 million. Following closely are Schonfeld Strategic Advisors with $248 million and Aristeia Capital with $163 million in IBIT shares, according to Fintel data.
