BlackRock Bitcoin Spot ETF holds nearly $20 billion! Over 400 companies invested in IBIT in Q1

According to data from HODL15 Capital, the number of Bitcoins held by BlackRock Bitcoin Spot ETF "IBIT" has exceeded Grayscale's GBTC holdings for the first time since its listing in January this year. . Currently, IBIT holds a total of 288,670 BTC, while GBTC only has 287,450 BTC left, and the gap has reached more than 1,200 BTC.

Bloomberg data also shows that as of Tuesday, IBIT holds $19.68 billion worth of Bitcoin, surpassing GBTC, which holds $19.65 billion worth of Bitcoin. The three major Bitcoin spot ETFs are FBTC issued by Fidelity Investments, which currently holds US$11.1 billion worth of Bitcoin.

BlackRock’s IBIT has attracted $16.5 billion in capital inflows so far since its listing in January this year, the largest among all Bitcoin spot ETFs, and investors With $17.7 billion withdrawn from Grayscale’s GBTC during this period, GBTC’s management fees of up to 1.5% and profit-taking by premium arbitrageurs are considered possible drivers of capital outflows.

HODL15 Capital pointed out that after GBTC was successfully converted into a Bitcoin spot ETF on January 10, it held more than 620,000 BTC, accounting for more than 3% of the BTC circulation, but compared to 0.2% of its peers. Management fees, Grayscale has refused to lower its management fees, and investors have withdrawn more than 330,000 BTC so far.

In order to restore the competitiveness of the company's products. Grayscale submitted an application to the SEC in March, seeking to issue a mini-version of the Grayscale Bitcoin spot ETF "Bitcoin Mini Trust" (BTC) with lower management fees. The ETF plans to charge a management fee of 0.15%, which is lower than that of all current Bitcoin spot ETFs. All are low.

Both BlackRock's income and bond funds bought IBIT in the first quarter, and BlackRock's Strategic Income Opportunities Fund (BSIIX) bought $3.56 million worth of it, according to a filing with the SEC on the 28th. of IBIT, and BlackRock Strategic Global Bond Fund (MAWIX) bought $485,000 worth of IBIT.

However, the IBIT holdings of these two funds only account for a small part of their investment portfolios. BSIIX's investment portfolio is currently worth US$37.4 billion, while MAWIX's investment portfolio is worth US$776.4 million.

More than 400 companies invested in IBIT in Q1

Previously, Bloomberg ETF analyst Eric Balchunas shared data and pointed out that according to the 13F position report, in the first quarter of this year, a total of 414 institutional investors BlackRock's IBIT, this is an incredible result.

Currently, asset management company Millennium Management has the largest IBIT position, holding IBIT worth US$844 million. Schonfeld Strategy Advisors and Aristeia Capital hold US$248 million and US$163 million respectively. Positions ranked second and third.

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