๐ Mind-Blowing BlackRock Bitcoin ETF Milestone! ๐
Bloomberg's ETF analyst Eric Balchunas is astounded by BlackRock's Bitcoin spot ETF success. With over 400 customers onboard, Balchunas exclaimed, "This is mind-blowing!" For a new product, even 20 customers is significant, but BlackRock has smashed expectations, making this a rare event in the sector. ๐๐
Following the SEC's approval of Bitcoin spot ETFs on January 10, BlackRock's IBIT product saw an influx of billions, totaling over $16 billion in demand. Balchunas emphasized, โThis is truly an event that will cause confusion. They broke the record very easily. For this kind of new product, even 20 customers is very good. This is a truly rare situation..." ๐๐ฐ
BlackRockโs SEC filings for the first quarter revealed they have 414 Bitcoin spot ETF customers. Such transparency comes from companies submitting 13F reports quarterly, detailing their investments. Many major banks, including JPMorgan, BNP Paribas, UBS, and Morgan Stanley, have invested in BlackRockโs ETF. ๐ฆ๐
Among these investors, Millennium Management stands out with $844 million, leading the pack. Schonfeld Strategic Advisors follows with $248 million invested. BlackRock's IBIT fund has thus far attracted the most investment among Bitcoin spot ETFs. ๐ฅ๐ผ