Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

<ul> 
 <li>BlackRock’s iShares Bitcoin Trust (IBIT) surpassed MicroStrategy’s Bitcoin (BTC) holdings in weekly net inflows, reaching $2.07 billion.</li> 
 <li>Inflows were heavily driven by BlackRock’s IBIT, surpassing MicroStrategy’s Bitcoin assets with a significant entry of $336.3 million, exceeding 4,900 BTC.</li> 
 <li>The week, starting on Monday, saw a regaining of momentum in Bitcoin ETF inflows after a brief pause on March 4th.</li> 
</ul> 
<p><strong>As the Bitcoin price reached a new peak at $70,000, BlackRock’s spot Bitcoin ETF surpassed MicroStrategy before the week concluded.</strong></p> 
<h2 id="strong-blackrock-continues-to-increase-bitcoin-holdings-strong"><strong>BlackRock Continues to Increase Bitcoin Holdings</strong></h2> 
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-133959" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-1-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="BlackRock" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-1-1.webp?w=1920&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-1-1.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-1-1.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-1-1.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-1-1.webp?resize=1536%2C864&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-1-1.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-1-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-1-1.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-1-1.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p> 
<p>BlackRock’s iShares Bitcoin Trust (IBIT) surpassed MicroStrategy’s Bitcoin (BTC) holdings in weekly net inflows, reaching $2.07 billion. Additionally, this milestone coincided with a significant increase of $2.23 billion in total weekly net inflows for Spot Bitcoin ETFs.</p> 
<p>By the end of the week on Friday, March 8th, Spot Bitcoin ETFs recorded a net inflow of $223 million, significantly lower than the figure from Thursday. Inflows were heavily driven by BlackRock’s IBIT, surpassing MicroStrategy’s Bitcoin assets with a significant entry of $336.3 million, exceeding 4,900 BTC.</p> 
<p>This entry elevated BlackRock’s total Bitcoin holdings above 196,000 BTC, surpassing MicroStrategy’s 193,000 BTC holdings. This notable milestone reflects a significant position for BlackRock Bitcoin ETF as a dominant force in the BTC market. Furthermore, this significant milestone highlights the strong growth of BlackRock’s Bitcoin ETF as a dominant force in the BTC market.</p> 
<p>Additionally, BlackRock’s IBIT’s Assets Under Management (AUM) has surpassed $13.5 billion. On the other hand, the value of MSTR’s Bitcoin assets is currently around $13.25 billion according to market trends. As of Thursday, March 7th, BlackRock’s IBIT had a stack of 191,132 BTC valued at $12.8 billion.</p> 
<h2 id="strong-spot-bitcoin-etf-inflows-surpass-2-2-billion-strong"><strong>Spot Bitcoin ETF Inflows Surpass $2.2 Billion</strong></h2> 
<p>The week started on Monday, March 4th, with a regaining of momentum in Bitcoin ETF inflows after a brief pause. Fidelity and BlackRock, each recording inflows of over $400 million, became part of a total impressive amount of $588 million. However, Grayscale Bitcoin Trust (GBTC) highlighted a deviation in investor sensitivity between ETFs and traditional trusts by experiencing a net outflow of $368 million.</p> 
<p>The following day, Tuesday, March 5th, marked a historic milestone for the US Spot Bitcoin ETF, witnessing an extraordinary influx. According to provisional data provided by Farside UK, there was a massive entry of approximately $662.5 million, indicating strong investor confidence in the ETF. BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s FBTC, with a total entry of over $900 million, further solidified institutional support for digital assets.</p> 
<p>On Wednesday, March 6th, the US Spot Bitcoin ETF recorded a net inflow of $332.4 million, experiencing a slight decrease. However, Fidelity continued to shine with a significant increase in investments, demonstrating ongoing interest in Bitcoin among institutional players. Nevertheless, Grayscale’s ongoing outflows weakened overall sensitivity and highlighted changes in market dynamics.</p> 
<p>Thursday, March 7th, witnessed a historic milestone for Fidelity’s FBTC Spot Bitcoin ETF, recording a record daily inflow of $473.4 million. This remarkable achievement nearly doubled BlackRock’s IBIT ETF and reflected the rising institutional appetite for exposure to Bitcoin. The total net entry for Bitcoin ETFs on the day was $472.6 million, reflecting increased institutional appetite for exposure to Bitcoin. The weekly total inflow reached $2.23 billion.</p> 
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<p>The post <a rel="nofollow" href="https://en.coinotag.com/blackrocks-bitcoin-holdings-surpass-microstrategys/">BlackRock’s Bitcoin Holdings Surpass MicroStrategy’s!</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>

BlackRock’s Bitcoin Holdings Surpass MicroStrategy’s!

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