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

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On Monday, Bitcoin ETFs experienced NET OUTFLOWS totaling $223.8 million.

BlackRock: $21.3 million
Fidelity: $6.3 million
Bitwise: $40.3 million
Ark: $9.3 million
WisdomTree: $2.3 million

Grayscale: -$303.3 million

#CryptoNews🚀🔥 #SpotBitcoinETF $BTC #BlackRockIBIT #BlackRockCrypto #GRAYSCALE

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.

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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. 🚀📈

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

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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.

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On-chain analyst Ember CN anticipates a significant influx of 2,465 BTC into BlackRock IBIT following the opening of the US stock market. Notably, a cumulative total of 657,110 BTC, equivalent to $28.2 billion, is presently held across various custody addresses associated with 10 different types of BTC spot ETFs. #cryptoanalysis #BTCInflow #BlackRockIBIT

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.

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