BlackRock, the world's largest asset manager, now holds over 109,609 Bitcoins worth a total of $5.7 billion. These Bitcoins are being held for their spot Bitcoin exchange-traded fund (ETF). This is a significant development in the cryptocurrency industry, as it shows that institutional investors are increasingly interested in Bitcoin.#BlackRockIBIT #BlackRockCrypto.

JUST IN: 🇺🇸 BlackRock now owns over 109,609 #BTC    worth $5.7 billion for their spot #Bitcoin    ETF 🤯
#Write2Earn #BTC #TrendingTopic #BlackRockIBIT #ETFs. $BTC $ETH

⚡️⚡️⚡️BREAKING: Blackrock CEO Larry Fink on live TV:

“#Bitcoin 💰 could be a great long-term store of value and If you are fearful of your goverment then it is the best cross border asset for you."

#BlackRockIBIT #TrendingTopic #BTC.😉. #Aevo #pepe

According to SoSoValue, yesterday's Bitcoin spot ETF had a total net outflow of $564 million, a record high. Grayscale GBTC had a single-day outflow of $167 million, and #BlackRockIBIT ETF had its first net outflow, with $36.93 million. The Fidelity ETF #FBTC had the largest single-day net outflow, with a single-day net outflow of $191 million.

#BTC‬ #fomc #bitcoinhalving

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How much BTC are the ETF funds holding?

- BlackRock iShares Bitcoin ETF (IBIT): 203,755
- Fidelity Bitcoin ETF (FBTC): 127,807
- ARK Bitcoin ETF (ARKB): 37,828
- Bitwise Bitcoin ETF (BITB): 28,553
+ Some other smaller funds

But how much BTC does Grayscale still hold?

They still hold a significant amount, totaling 388,925 BTC, which is more than the current combined figure of BlackRock + Fidelity. However, on a daily basis, some BTC leaves Grayscale and flows into other funds, and over time, BlackRock could become the largest Bitcoin ETF fund.

As of now, those who really wanted to sell, such as FTX, DCG, and Genesis, have sold off, and those who dislike the high fees of GBTC (1.5%) may have switched to other funds in the past two months. So, who is still selling? 🤔

Looking at the money flow history over the past two months, it is evident that, except for a few exceptional cases, when Grayscale sells more, BlackRock and Fidelity receive more. Although there is no detailed data on the money flow between the funds, it is possible that money from GBTC is flowing into BlackRock and Fidelity. It is assumed that the directors of BlackRock and Fidelity have reached out to the organizations holding GBTC and persuaded them to switch to their funds.

Why does Grayscale still maintain a high fee of 1.5% per year, while other funds charge only ~0.25%?

The CEO of Grayscale stated that they have managed a large amount of BTC, while new funds have to start from scratch. Therefore, they can take advantage of this time to charge a high fee for a large quantity, even though they know this could lead to investors gradually leaving their fund. Additionally, they also mentioned that they have contracts with certain companies, so not everyone who wants to sell GBTC can easily do so at this moment.

In the end, the amount of BTC Grayscale sells is not important. What matters is how much the remaining funds have received and whether the money flow is positive or negative.#BTC #Grayscale’s #BlackRockIBIT #ETFTracker #Write2Earn‬

JUST IN:

BlackRock’s Bitcoin ETF daily inflow hits $0 for the first time.

#BTC #bitcoin #BlackRockIBIT #BlackRockCrypto $BTC

#BlackRockIBIT #ElonMuskTalks

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BlackRock Wallet Made Billions of Dollars in Just 3 Months
In just less than 3 months, their portfolio has grown by $17 billion.
#BlackRocks #BlackRockIBIT
$BTC

BlackRock's Bitcoin ETF Surges Towards 200,000 BTC, Surpassing MicroStrategy's Holdings

BlackRock's Bitcoin ETF, IBIT, is swiftly scaling the ranks of cryptocurrency holdings, now boasting nearly 200,000 bitcoins in its arsenal. Surpassing MicroStrategy's stash, which stood at 193,000 tokens as of its last public disclosure in February, IBIT is making waves in the market.

MicroStrategy might not hold the top spot for long, though. With plans for a massive $700 million capital raise aimed at bolstering its bitcoin reserves, the company could quickly regain ground. However, BlackRock's relentless accumulation of bitcoins, often adding hundreds of millions of dollars' worth daily since its launch, signifies its dominance in the burgeoning ETF landscape.

Despite the setback faced by Grayscale's GBTC, shedding over 200,000 bitcoins since the inception of spot products, it remains a formidable player, still clutching around 400,000 tokens. Nevertheless, with IBIT hot on its heels, the crypto market is witnessing a dynamic shift in institutional investment strategies.

#BTC #BTCETFS #BlackRockIBIT
$BTC

Here's a breakdown of recent Bitcoin purchases by some major investment firms:

iShares (Blackrock) acquired 2,461 bitcoins valued at $105.88 million.

Fidelity added 1,836 bitcoins worth $79 million to its holdings.

ARK 21Shares purchased 525 bitcoins with a value of $22.6 million.

Cryptos Headlines Platform Has Launched Its Native Token, Early Public Sale Is Live On CryptosHeadlinesToken.com

#Bitcoin #BitcoinEFT #BlackRockIBIT

$BTC btc is going to 75k $ btc is unstoppable able
#TrendingTopic #BTC.😉. #BlackRockIBIT

BlackRock has surpassed MicroStrategy with 215,626 Bitcoin, which represents over 1% of the total 21 million BTC. #BTC #BlackRockIBIT #MiscroStrategy #Write2Earn‬

🚨 !!!Big news!!! 🚨

BLACKROCK, a massive $9 Trillion company, just said something important about Bitcoin! 🚨

CEO Larry Fink, on live TV, said, "Bitcoin could be a really good way to save money for a long time." 🌐💰

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This is a big deal! People are getting excited about Bitcoin now, and the market is going up. 🚀📈

#cryptonews #TrendingTopic #BlackRockIBIT #HotTrends 🔥🌎

Spot Bitcoin ETF update:

On Monday, 26 August 2024, BlackRock IBIT has recently received an inflow of $224.06 million, the highest inflow compared to other institution ETFs.

#BitcoinETF #BlackRockIBIT #CryptoInvesting #ETFUpdate #BitcoinNews

$BTC

What's happening to the market.

I am NOT SURE what to do next.

#BlackRockIBIT is staying away from market, should we do the same?
I have my own concerns, being an investor of crypto currencies, i have seen some good pumps and similarly faced bad days. At the moment i could only say invest with caution, market is unpredictable.

**Do Your Own Research Before Any Investment Decision**

$PEPE $DOGE $SHIB

BlackRock again ahead of #MicroStrategyBTC in terms of the number of $BTC on its balance sheet. #Blackrock #BlackRockIBIT #HotTrends #Write2Erarn

About #BTC

#BTC月线 Flying Above $82k in no time and should be crossing 100k

Because this time is different from Previous Cycles. We've spot #ETFs. approved. #BlackRockIBIT entered into Bitcoin and many more positive Factors.

Here are the Scenario we can Look for to Fill our #Bitcoin❗️ Bags.
The area around $56600-52500 is the Buy Zone. Every dip now is an opportunity to Buy.

Thanks for your support.

Blackrock took less than two months to buy more bitcoin than Microstrategy bought for 3 years 🔥

#TrendingTopic #BlackRockIBIT #MicroStrategyBTC #BTC.😉. #Aevo