Top 10 Holders of BlackRock Spot Bitcoin ETF (IBIT)
Highlights
- Many top investment firms in the US are holding BlackRock Bitcoin ETF
- The top two holders are Rubric Capital and Symmetry Investments
- Bitcoin price is undergoing intense volatility as holdings report rolls in
With the reporting season for top companies in the United States underway, more traditional companies have unveiled their holdings in the BlackRock Bitcoin ETF (IBIT). While the company is one of the 9 major spot Bitcoin ETF issuers, it has recorded the biggest inflow around.
Top BlackRock Bitcoin ETF Holders
According to filings shared thus far, Bracebridge Capital holds $100,638,773 in BlackRock Bitcoin ETF. One of the latest backers of BlackRock’s Bitcoin ETF (IBIT) is Rubric Capital Management LP and Symmetry Investments LP. In the filing lodged with the United States Securities and Exchange Commission (SEC) earlier, Rubric Capital unveiled 1,722,497 units of IBIT shares. This figure comes in at more than $69.7 million, effectively placing the firm at the top of the chain.
The second-largest holder of IBIT is Symmetry Investments LP. This firm holds 1,519,700 units of IBIT with a total value of $61.5 million. In a surprising twist, Coingape reported the disclosure of Yong Rong HK Asset Management Ltd, the third-largest BlackRock Bitcoin ETF holder. The firm holds a total of 1,127,561 units of IBIT with a monetary valuation of $45.63 million.
BlackRock’s appeal stems from its robust history as one of the largest investment management firms in the world. As of December 2023, BlackRock boasts of about $10 trillion in Assets Under Management (AUM), placing it as the world’s largest firm in its niche.
To tap into its legacy, CTC Alternative Strategies Ltd and Monolith Management Ltd make up the top 5 largest holders of IBIT. While the former has 685,364 units of IBIT, the latter commands 603,300 units of the BlackRock Bitcoin ETF.
Other firms like Susquehanna International Group, Qualtro Financial Advisors LLC, IvyRock Asset Management HK, Context Capital Management, and Ethos Financial Group also hold BlackRock Bitcoin ETF shares. The least of these holders is Ethos Financial with a total of 350,460 shares worth $14.18 million.
Cross-Market Embrace for Bitcoin ETF
Besides the bets on BlackRock, other Bitcoin ETF issuers are also tagging along in attracting top investment firms. In an earlier Coingape report, the third largest bank in the US, Wells Fargo disclosed holding Grayscale Bitcoin Trust (GBTC). This investment is a testament to how widespread us firms are diversifying their holdings.
While only Susquehanna has unveiled its bet in all spot Bitcoin ETF issuers, more filings might reveal more unexpected holdings.
These trends have helped trigger intense volatility in the price of Bitcoin. While the top coin recorded an uptick in its price earlier in the day, a bearish wave toppled the growth in recent times. At the time of writing, Bitcoin is down by 2.41% in 24 hours to $60,575.24.
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