BlackRock Bitcoin ETF outperforms the competition as this key indicator sets a recent record

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U.Today – Bloomberg Senior ETF Analyst Eric Balchunas spread the word about the largest spot ETF – BlackRock’s IBIT – outperforming rival ETFs not only in Bitcoin holdings, but also on another crucial metric. According to a recent tweet posted by Balchunas, that number has skyrocketed.

According to the analyst’s post, the fund reported a surprising 414 holders in its first 13F season. The analyst admitted that this is an “astonishing” number for this metric, adding that “it’s mind-blowing.” [the] record.”

Balchunas then explained that even if a newborn ETF gains 20 holders, it is already a big deal and very rare.

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The analyst presented an infographic showing how far behind the other largest Bitcoin ETFs are BlackRock (NYSE:). BITB Bitwise boasts around 100 reported holders, FBTC Fidelity has just under 250, and Ark Invest has less than 100.

Meanwhile, the BlackRock ETF is reporting zero inflows for the third day in a row. According to data shared by analytics account @spotonchain, the remaining nine spot ETFs have seen positive inflows over the past three days, accumulating $303 million worth of Bitcoin on May 15.

This article was originally published on U.Today

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