BlackRock's Bitcoin ETF, IBIT, is rapidly accumulating Bitcoin holdings and is projected to surpass Grayscale's GBTC in two weeks. Grayscale has been transferring Bitcoins for redemptions and may deplete its holdings in 14 weeks. BlackRock and Fidelity collectively own 379,151 BTC worth $26.3 billion for their spot Bitcoin ETFs. Bitcoin is the top cryptocurrency choice for BlackRock clients, with IBIT holdings reaching 243K BTC. BlackRock's ETF could hold more Bitcoin than Grayscale's GBTC soon if current trends persist.
NEW: In under three months, BlackRock's #Bitcoin ETF, IBIT, accumulates a greater amount of #BTC than the combined holdings of older exchanges OKX (2017) and Kraken (2011) 👀 h/t: @ali_charts https://t.co/92FmdE7c4g
BlackRock's #Bitcoin ETF has accounted for over 50% of their net inflows in 2024 https://t.co/63HJ3jCWls
JUST IN: 🇺🇸 BlackRock and Fidelity now own a combined 379,151 #BTC worth $26.3 billion for their spot #Bitcoin ETFs. https://t.co/VSJyGSdo6Q
BlackRock’s Bitcoin ETF poised to surpass GBTC holdings in two weeks, predicts Arkham Intelligence: GBTC facing potential BTC depletion in 14 weeks. https://t.co/Fpv8NwOwJo
BlackRock’s spot bitcoin ETF is on course to overtake Grayscale’s GBTC in total bitcoin holdings in just two weeks, but the latter could run out of bitcoin entirely in 14 weeks, according to blockchain analytics firm Arkham. @tikta_ reports https://t.co/7caTWcQbki
BlackRock’s ETF could hold more #Bitcoin than Grayscale’s GBTC within just a few weeks — if current trends hold. https://t.co/2ULuB9jNZa
#Blackrock has revealed that #bitcoin is the overwhelming favorite #cryptocurrency for its clients. https://t.co/PJnw1kk3p8
#Bitcoin Tops #Crypto Priority for #Blackrock Clients as IBIT $Holdings Reach 243K $BTC https://t.co/PJnw1kk3p8
According to Arkham, Grayscale has transferred 266,470 Bitcoins out of wallets for GBTC redemptions since GBTC began trading as an ETF on January 11. At the current rate, GBTC will exhaust its Bitcoin holdings in 96 days. Grayscale is considering lowering fees and launching mini…
Excluding GBTC, Fidelity’s FBTC and Blackrock’s IBIT Dominate #Bitcoin ETFs In Terms of Reserves Held https://t.co/rmMfT8LN3G