BlackRock's iShares Bitcoin Trust (IBIT) has seen significant activity with the first reported holder, Canadian asset manager Redwood, migrating from a local Bitcoin ETF to IBIT. Meanwhile, Gerber Kawasaki has also added IBIT to its ETF, indicating growing demand. IBIT experienced a big volume day, with total volume exceeding $1 billion, signaling strong market interest.
Big volume day for $IBIT. Total volume over $1 billion for the group. https://t.co/EGzt431oOr https://t.co/Fv8G4P7cvb
Blackrock's IBIT looks to have some serious volume today. @JSeyff am I seeing this correctly? #Blackrock #IBIT #BitcoinETF https://t.co/bS0dS4EVgF
Got our second reported holder of $IBIT, which is @GerberKawasaki who added a little to their ETF $GK, curr a mere 0.12% weight, doesn't look like they had any btc exposure prior to this. (i point this out bc ETF holders can help us understand the demand side) https://t.co/CcYMU8xqh8
BlackRock’s iShares Bitcoin Trust (IBIT) Fund Achieves Major Success in the US https://t.co/uApqn37Jbf
Got our first holder reported for $IBIT, it's a Canadian asset manager called Redwood, looks like it sold the local Purpose Bitcoin ETF which is >1% fee and bought the US-based $IBIT which is free till first $5b and 25bps thereafter. Great cost migration hitting crypto funds. https://t.co/d0OC5vHkWn