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Market
How will BlackRock's Bitcoin ETF holdings change by the end of 2024?
5
Resolution / Starting Odds
Increase by more than 20% • 25%
Increase by 10% to 20% • 25%
Increase by less than 10% • 25%
Decrease in holdings • 25%
Official financial reports and market analysis
Story
BlackRock's Bitcoin ETF Surpasses Grayscale with $101.9 Million Inflow, Holding 288k BTC
May 29, 2024, 02:34 AM
BlackRock's Bitcoin ETF (IBIT) has officially surpassed Grayscale's Bitcoin Trust (GBTC) to become the largest Bitcoin ETF in the world. With a massive inflow of $101.9 million, IBIT now holds over 288,671 BTC. This milestone was achieved in less than 90 trading days, highlighting the rapid growth and investor confidence in BlackRock's ETF. On May 28, BlackRock's ETF saw a significant buy of 1505 BTC, equivalent to $102 million, while Grayscale experienced an outflow of 1550 BTC, worth $105 million. Fidelity's Bitcoin ETF also reported an inflow of 505 BTC, amounting to $34 million. The shift underscores the competitive dynamics in the Bitcoin ETF market and the growing dominance of BlackRock in this space. IBIT needed only 96 trading days to close GBTC's huge lead.
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Similar markets
0-10% • 25%
11-20% • 25%
21-30% • 25%
More than 30% • 25%
Significant increase in ETF assets • 33%
Moderate increase • 33%
No significant change • 34%
$20B-$25B • 25%
$25B-$30B • 25%
$30B-$35B • 25%
Over $35B • 25%
400,001 to 450,000 BTC • 25%
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< 300,000 BTC • 25%
300,000 to 350,000 BTC • 25%
350,001 to 400,000 BTC • 25%
> 400,000 BTC • 25%