iShares Bitcoin Trust (IBIT), a spot Bitcoin ETF of BlackRock has earned praise from Bloomberg ETF analyst Eric Balchunas for attracting 414 reported holders in its first 13F season, setting a record with even 20 holders considered highly unusual for a new ETF.
Since its launch in January, IBIT has seen explosive growth, surging from zero assets under management to $16.65 billion as of the latest data. This rapid ascent has made it the most popular spot bitcoin ETF among investors.
Among the major institutional holders of IBIT, Millennium Management leads with holdings worth $844 million. Following closely are Schonfeld Strategic Advisors with $248 million and Aristeia Capital with $163 million in IBIT shares, according to Fintel data.
These insights come from the ongoing 13F filings, revealing which financial institutions invested in IBIT during the first quarter of 2024. The strong uptake of IBIT reflects growing institutional interest in bitcoin-related investment products and signals a promising start for BlackRock’s venture into the spot bitcoin ETF market.
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