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International Business Times
International Business Times
Business
Marvie Basilan

BlackRock's Spot Bitcoin ETF Gains Over 400 Holders In First 13F Season

Bitcoin BlackRock ETF Eric Balchunas IBIT Crypto Millennium Management
A man walks past a bitcoin poster in Hong Kong on April 15, 2024. (Credit: AFP)

KEY POINTS

  • Bloomberg's Balchunas said the development was "mind boggling"
  • A prominent Bitcoin trader said the news only shows how "big money wants exposure" to the asset
  • The latest company to have gained attention was Millennium Management, which has a $2 billion Bitcoin ETF portfolio

Investment management titan BlackRock's spot Bitcoin exchange-traded fund (ETF) IBIT has had a stellar run during its first jump into the financial industry's 13F season, garnering 414 holders who disclosed their IBIT shares holdings.

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