- The Ibit of Blackrock now holds 631,962 BTC, worth $ 65 billion.
- The fund controls almost 3% of the total Bitcoin offer.
Blackrock's Spot Bitcoin ETF now holds 631,962 BTC, worth around 65 billion dollars. This highlights the domination of the active manager in the Crypto ETF space. It also signals institutional growth in Bitcoin as a legitimate investment actor.
Since its launch, Blackrock's Ishares Bitcoin Trust (Ibit) has attracted consistent Entrances. These entries have exceeded many competitors, especially in gray levels, ARK investment and loyalty. As a result, Blackrock now controls almost 3% of the total Bitcoin offer. This level of control strengthens the impact of the FNB on the feeling and liquidity of the market.
The FNB bitcoin dominate the entries
Friday, May 16, the ETF of Bitcoin Spot fired $ 260.27 million from net entries. Ibit led the pack with $ 129.73 million. The FIDLY FBTC followed with $ 67.95 million. Arkb d'Ark Invest attracted $ 57.98 million, while the Grayscale BTC Mini Fund added $ 4.61 million. Despite the strong day overall, several funds, including the GBTC and the BitB, saw no new entry.
Meanwhile, the ETHEREUM SPOT ETF showed a limited activity. Feth de Fidelity led with $ 13.57 million, while the ETH Mini fund in Grayscale followed with $ 8.55 million. Other Ethereum funds, such as those of Vaneck and Bitwise, recorded zero entries. The contrast of flows reflects a clear preference for bitcoin among institutional investors.
All Bitcoin And EFF EFS exchanged light bonuses to their navs on Friday. Ibit, FBTC and Feth showed bonuses between + 0.29% and + 0.39%. Only ETF DEFI in Hashdex exchanged a discount, down -0.40%. This suggests continuous confidence of investors in the main ETF products.
Blackrock's massive Bitcoin holdings reinforce its influence on the space of digital assets. While more traditional investors are looking for an exposure, the perception of risks around Bitcoin continues to drop. Consequently, institutions such as pension funds and hedge funds can increase their allowances.
In the meantime, Ibit could open the valves for traditional capital entering crypto. With $ 65 billion already under management, the trend shows no signs of slowdown. While other active managers follow the example of Blackrock, institutional adoption can accelerate even more.
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