BlackRock’s Bitcoin Holdings Surpass MicroStrategy’s!

  • BlackRock’s iShares Bitcoin Trust (IBIT) surpassed MicroStrategy’s Bitcoin (BTC) holdings in weekly net inflows, reaching $2.07 billion.
  • 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.
  • The week, starting on Monday, saw a regaining of momentum in Bitcoin ETF inflows after a brief pause on March 4th.

As the Bitcoin price reached a new peak at $70,000, BlackRock’s spot Bitcoin ETF surpassed MicroStrategy before the week concluded.

BlackRock Continues to Increase Bitcoin Holdings

BlackRock

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.

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.

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.

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.

Spot Bitcoin ETF Inflows Surpass $2.2 Billion

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.

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.

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.

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.

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Jocelyn Blake
Jocelyn Blakehttps://en.coinotag.com/
Jocelyn Blake is a 29-year-old writer with a particular interest in NFTs (Non-Fungible Tokens). With a love for exploring the latest trends in the cryptocurrency space, Jocelyn provides valuable insights on the world of NFTs.
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