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It took less than 100 trading days for BlackRock's iShares Bitcoin Trust (IBIT) to flip the longstanding Grayscale Bitcoin Trust (GBTC). Read more: https://t.co/iqBpPzUngl
LONG TERM BITCOIN HODLERS BULLISH AGAIN - ACCUMULATION PATTERNS RETURN - According to data from Glassnode, after months of selling, long-term Bitcoin holders are beginning to accumulate $BTC for the first time since December 2023. "Residing just shy of its all-time high,… https://t.co/kC4P3yLGLs https://t.co/Tcw4IpU2QA
NEW: 🇺🇸 BlackRock's two funds have disclosed exposure to their own #Bitcoin ETF in the SEC filings. It's just getting started 🚀 https://t.co/6x70m5ZG8y
Recent data shows significant inflows into US Bitcoin ETFs, with over $2 billion in the last two weeks and a record $1 billion in the previous week alone. BlackRock's iShares Bitcoin Trust led the surge with $720 million, followed by Fidelity's $227 million. Global Bitcoin ETFs now hold over 1 million BTC, with the price surging above $70,000. BlackRock has been actively adding Bitcoin to its Strategic Income Opportunities Portfolio, surpassing Grayscale in BTC holdings. The spot Bitcoin ETF market saw a combined inflow of $45 million on May 28, with BlackRock buying $102 million worth of Bitcoin, becoming the largest Bitcoin ETF by overtaking GBTC.
