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Market
Market position of BlackRock's Bitcoin ETF among US Bitcoin ETFs by end of 2024
5
Resolution / Starting Odds
Remains the largest • 25%
Second largest • 25%
Third largest • 25%
Falls below third largest • 25%
Publicly available financial market data
Story
BlackRock's Bitcoin ETF Holds $18B, Ends 71-Day Inflow Streak, Nears GBTC
Apr 25, 2024, 10:50 AM
BlackRock's Bitcoin ETF has recently achieved significant milestones, holding 273,596 BTC worth approximately $18 billion, surpassing MicroStrategy's holdings by 59,350 BTC. The ETF reached the same level of assets under management as the Gold ETF in just 71 days, a feat that took the latter 808 days. However, after a period of consistent inflows, the ETF experienced its first day with $0 inflows, ending a 71-day streak of positive inflows. This shift occurs as the ETF is just 30,000 BTC away from surpassing GBTC's holdings. Meanwhile, overall US Bitcoin ETFs now account for 55.8% of the size of US Gold ETFs, with a total AUM of $58.3 billion. Notably, BlackRock bought 571 BTC yesterday, while 450 Bitcoin are mined per day.
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Other • 10%
Increase by more than 20% • 25%
Increase by 10% to 20% • 25%
Increase by less than 10% • 25%
Decrease in holdings • 25%
Top 1-3 • 33%
Top 4-6 • 33%
Below Top 6 • 34%
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Grayscale's GBTC • 33%
Other • 34%
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Increase significantly • 25%
Remain stable • 25%
Decrease slightly • 25%
Decrease significantly • 25%
BlackRock's IBIT • 33%
Grayscale's GBTC • 33%
Other • 33%