After just around 50 trading days, the vehicle is ready to be purchased. BlackRock’s Spot Bitcoin ETF (IBIT) The success of the product has been phenomenal. Since its debut in early January few would have expected it to do as well as this. BlackRock’s Bitcoin ETF’s BTC Holdings have surpassed those of OKX and Kraken crypto exchanges.
The Crypto Analyst Ali Martinez took to X (formerly Twitter) Share this rather shocking statistic. The holding discrepancy becomes even more intriguing when you consider that both OKX (2017) and Kraken (2011) were launched.
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BlackRock Bitcoin ETF: BTC Holdings Exceed Two Prominent Exchanges
In 2024, the digital asset market is going to be forever changed. The arrival of Spot Bitcoin Exchange Traded Funds (ETFs) in the United States, after the US Securities and Exchange Commission issued its initial approval will change the face of the digital asset market forever. After the initial approval, it took only a couple of months for the asset to reach its all-time highest level: $73,000.
They have become some of the most popular ETFs on the market since January 11th, when they began trading. Moreover, these ETFs have been remarkably popular among BTC owners. BlackRock’s Spot Bitcoin ETF is the only one that has amassed more holdings than both OKX & Kraken combined.
![blackrock bitcoin btc etf](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/BlackRock-Bitcoin-ETF-Holdings-Surpass-OKX-Kraken-Combined.jpeg)
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This massive rise in popularity is most likely due to the high level of exposure provided by the product. Investor confidence has also skyrocketed due to the ETFs. Overall, investing in institutional funds has never been simpler or more popular.
BlackRock assures the importance of Bitcoin in the overall financial system. The asset management company’s ETFs have become the most popular ETFs due to their trust in this product. It will be fascinating to see just how much BTC the company can hold and how it could impact the increasing price.
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Source: watcher.guru