Accéder au contenu principal

BlackRock’s Total BTC Holdings Revealed

Spot Bitcoin ETFs have finally been approved by the US Securities and Exchange Commission, and as expected, their approval led to a diverse market movement. The first day of trading for the 11 spot ETFs approved turned out to be a memorable one, with almost $4.6 billion worth of ETF shares traded. ETF volumes were also significant during the second day of trading, with steady activity pushing the cumulative volume to over $7.6 billion dollars. 

According to BitMEX Research, the net inflow reported across the 11 spot Bitcoin ETFs was $532 million within the first two days, with Blackrock coming out on top with $497.7 million worth of BTC.

BlackRock’s Spot ETF Holdings

After two days of ETF trading, statistics have revealed the standings of the 11 ETFs, those leading the pack, and those falling behind. As expected, current data puts Blackrock’s total Bitcoin asset in its ETF ahead of the pack. The first day of trading saw Blackrock’s net inflow totaling $111.7 million, falling behind Bitwise and Fidelity with $237.9 million and $227 million respectively. 

Notably, things took a turn on the second day of trading. Blackrock had the highest net inflow of $386 million on day 2 to push its total inflow to $497.99 million in the first two days. According to the website for Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), the fund now holds 11,439.2 BTC. 

Although the ETF launch has done well under normal circumstances, it seems to have fallen short of the huge numbers projected by many market analysts. According to Blackrock CEO Larry Fink, the new ETFs are just the first step toward a new financial world.

“ETFs are step one in the technological revolution in the financial markets. Step two is going to be the tokenization of every financial asset,” he said in an interview with CNBC.

BTC market cap currently at $840.141 billion. Chart: TradingView.com

Current State Of Bitcoin ETFs

The report from BitMEX Research also revealed the dynamics between the first and second days of trading. As stated earlier, the first day of trading ended with almost $4.6 billion in trading volume and a $625.8 net inflow. However, trading volume fell to just over $3.1 billion on the second day, with BitMEX data revealing a lower net inflow of $205 million.

The majority of the second-day outflow can be attributed to the Grayscale Bitcoin Trust. Despite leading the market with about $1.9 billion in trading volume on the first day, the fund failed to register a net inflow, ending the day with $95.1 million in net outflow. This outflow continued into day two, with the Grayscale Bitcoin Trust registering over $484 million net outflow. 

Featured image from Shutterstock




Source link

The post BlackRock’s Total BTC Holdings Revealed appeared first on Job From Home Blog.

Libellés :

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

Hong Kong SFC Raises Alert Over MEXC Imposter

The Hong Kong Securities and Futures Commission (SFC) has issued an alert on a suspected fraudulent platform impersonating the presence and operations of a popular cryptocurrency exchange MEXC. This development comes from a joint operation between the Hong Kong regulator and the local police force aimed at uncovering illicit activities of virtual asset trading platforms (VATPs). SFC Warns Hong Kong Citizens Of Fraudulent Trading Platform According to an announcement on February 9, the SFC is warning crypto enthusiasts and investors of an ambiguous trading platform that operates under the name “MEXC.” In a joint investigation with the Hong Kong police, the securities market regulator discovered that “MEXC” has lured several investors into becoming members of group chats in which it claimed to offer “free investment advice.” Through this medium, “MEXC” was able to direct unsuspecting investors into depositing funds through fraudulent websites in order to purchase cryptocurrencies. Th...
Enregistrer un commentaire
Lire la suite

What’s In Store For Bitcoin With 85% Of Holders In Profit

Amidst a renewed wave of optimism sweeping through the broader cryptocurrency landscape, the resurgence of Bitcoin (BTC) to the pivotal $37,500 price threshold has become a catalyst for positive shifts. At present, a staggering 85% of Bitcoin holders find themselves in a profitable position, a testament to the resilience and potential of the leading cryptocurrency. Encouragingly, key indicators hint at the likelihood of this percentage expanding in tandem with Bitcoin’s upward trajectory. Making Money With Bitcoin As the market plummeted from its all-time high in November 2021, the amount of Bitcoin supply in profit has reportedly hit levels last observed two years ago, according to Glassnode. The analytics service also stated that the amount of unrealized profit contained in these currencies is still very small. Based on the latest figures from blockchain analytics website IntoTheBlock, some 85% of Bitcoin holders are profitable at the current price of the first cryptocurrency,...
Enregistrer un commentaire
Lire la suite

Instagram Is Experimenting With an Option To Add Files to DMs

What if you could send files in your IG DMs? That may soon be an option, with app researcher Alessandro Paluzzi uncovering this process in the back-end data of the app. As you can see in this example, Instagram’s experimenting with a new option that would let you add files to your messages as attachments. Which is not overly surprising. You can already send documents within WhatsApp , and on Messenger (in limited capacity), and with Meta still working to integrate all of its messaging platforms into a single system , it makes sense that it would also need to replicate the functionality of each, to ensure full parity. So, basically, every function within Messenger, IG Direct and/or WhatsApp will eventually be available in each other app, as that will then enable Meta to link them all together into a singular messaging system. As such, I do think this is coming, and is more than just an experiment, which will provide expanded functionality within your IG DMs, and could be handy...
Enregistrer un commentaire
Lire la suite