$BLK Q2
#earnings
can tell Larry and
@BlackRock
are really proud of its Bitcoin ETF.
Some simple numbers, fyi,
Q2 Total Net inflow: $82 billion, across product types (over 1,000 funds probably),
- 5% from $IBIT
1st Half Year Total Net Inflow: $139 billion
- 13% from $IBIT
In June, U.S. Spot Bitcoin ETF Monthly Net Inflow: $+668 million
- Price down to $61,000 from $67,500
-
@BlackRock
adds 15,416 Bitcoin, $1.1 billion inflow and owns 306,979 Bitcoin
- 2nd
@Fidelity
with $276 million inflow
- 3rd
@BitwiseInvest
with $56 million inflow
Update on Day 1 Hong Kong Bitcoin ETF
Total Inflow: $+248 million
ChinaAMC inflows $+124 million
Harvest inflows $+63 million
Bosera-Hashkey inflows $+61 million
ChinaAMC Bitcoin ETF inflow +1,942 BTC ($+123.61 million)
(2.61 million inflow intraday + 121 million initial issuance size)
Total AUM since launch is $123.6 million
ChinaAMC Bitcoin ETF inflow +1,942 BTC ($+123.61 million)
(2.61 million inflow intraday + 121 million initial issuance size)
Total AUM since launch is $123.6 million
MicroStrategy has acquired an additional 11,931 BTC for ~$786.0M using proceeds from convertible notes & excess cash for ~$65,883 per
#bitcoin
. As of 6/20/24, $MSTR hodls 226,331 $BTC acquired for ~$8.33B at average price of $36,798 per bitcoin.
📈7/16 Total Net Flow:$ 420 million
BlackRock $IBIT: $ 260 m
Grayscale $GBTC: $ 0
Fidelity $FBTC: $ 61.1 m
Bitwise $BITB: $ 17.3 m
Ark $ARKB: $ 29.8 m
Invesco $BTCO: $ 20.5 m
Franklin $EZBC: $ 9.4 m
Valkyrie $BRRR: $ n/a
VanEck $HODL: $ 22 m
WisdomTree $BTCW: $ 0
First 10 mins,
Grayscale $ETHE and $ETHA reaches $22 million volume
Blackrock $ETHA reaches $18 million volume
Fidelity $FETH reaches $10 million volume
Looks fine.
“ChinaAMC, one of the HK BTC spot ETF issuers, said the initial issuance size of 3 HK Bitcoin spot ETF issuers will exceed $125 million (which is the first-day issuance size of US Bitcoin spot ETF ex $GBTC)”
Not a bigger number, but like the confidence.
📈6/5 Total Net Flow:$ +488 million
BlackRock $IBIT: $+155.2 m
Grayscale $GBTC: $+14.6 m
Fidelity $FBTC: $+220.8 m
Bitwise $BITB: $+18.5 m
Ark $ARKB: $+71.4 m
Invesco $BTCO: $+3.6 m
Franklin $EZBC: $ 0
Valkyrie $BRRR: $ 0
VanEck $HODL: $+4 m
WisdomTree $BTCW: $+0
40k Bitcoin is liquidated this week by German Gov. and $1.86 USD is left in wallet.
U.S. Spot BTC ETFs bought over 18k Bitcoin this week, 46% of German Gov. liquidates.
📈7/24 Ether ETF Net Flow:$ -133 million
BlackRock $ETHA: $ 17.4 m
Grayscale $ETHE: $ -326.9 m
Grayscale $ETH: $ 45.9 m
Fidelity $FETH: $ 74.5 m
Bitwise $ETHE: $ 29.6 m
21Shares $CETH: $ 0 m
Invesco $QETH: $ 2.5 m
Franklin $EZET: $ 3.9 m
VanEck $ETHV: $ 19.8m
📈7/23 Ether ETF Net Flow:$ 107 m
BlackRock $ETHA: $ 266.5 m
Grayscale $ETHE: $ -484.1 m
Grayscale $ETH: $ 15.1 m
Fidelity $FETH: $ 71.3 m
Bitwise $ETHE: $ 204 m
21Shares $CETH: $ 7.5 m
Invesco $QETH: $ 5.5 m
Franklin $EZET: $ 13.2 m
VanEck $ETHV: $ 7.6 m
📈7/10 Total Net Flow:$ 127 million
BlackRock $IBIT: $ 22.3 m
Grayscale $GBTC: $ -8.2 m
Fidelity $FBTC: $ 57.8 m
Bitwise $BITB: $ 4.7 m
Ark $ARKB: $ 5.7 m
Invesco $BTCO: $ 9.5 m
Franklin $EZBC: $ 31.7 m
Valkyrie $BRRR: $ (n/a)
VanEck $HODL: $ 3.3 m
WisdomTree $BTCW: $ 0
iShares Bitcoin Trust, $IBIT owns 288,671 Bitcoin ($19.7 billion), surpasses Grayscale Bitcoin Trust, $GBTC, who owns 287,488 Bitcoin ($19.6 billion), to be the ETF with the most Bitcoin under management.
📈7/23 Ether ETF Net Flow:$ 107 m
BlackRock $ETHA: $ 266.5 m
Grayscale $ETHE: $ -484.1 m
Grayscale $ETH: $ 15.1 m
Fidelity $FETH: $ 71.3 m
Bitwise $ETHE: $ 204 m
21Shares $CETH: $ 7.5 m
Invesco $QETH: $ 5.5 m
Franklin $EZET: $ 13.2 m
VanEck $ETHV: $ 7.6 m
One more takeaway, Hong Kong ETFs are legit channel between BTC, ETH and fiat regarding in-kind delivery. Many anonymous whales since first 3 bitcoin halvings can get there.
So Hong Kong ETF is still very important milestone in our view.
A week before end of Q1's 13F filling
Total 813 enties related to US Bitcoin ETF in current filling.
We notice that
#Bitcoin
is still people's favorite, and institutions are very interested.
here are some insights about Bitcoin ETFs' institutional ownership (1/4)
Blackrock Bitcoin ETF $IBIT surpasses $QQQ (Inception Date 03/10/1999) and becomes the 4th most inflow ETF year-to-date.
Several days away from $VTI 3rd place.
7/19 Spot Bitcoin ETF:
Net flow: $+382 million
Trading Volume: $3.2 billion
Net flow for $100 Move: $14 million by $+100
Most of deals filled at price $66,420
Facts:
- 12 days inflow streak;
- Finally, we have an active trading market that volume exceeds 3.1 billion (higher
7/12 Spot Bitcoin ETF:
Net flow: $+311 million
Trading Volume: $1.1 billion
Net flow for $100 Move: $55 million by $+100
Most of deals filled at price $58,165
Facts:
- 6 days inflow streak and largest inflow since June 5;
- ETFs have accumulated a total of 20.5k Bitcoin at
$IBIT has New Top 3 holders (5/10)
1. Bracebridge Capital, 2.5m shares (current worth $86m, 12% of its AUM)
2. Rubric Capital Management, $1.7m shares (current worth $60m, 2.1% of its AUM)
3. Symmetry Investments, 1.5 m shares (current worth $53m, 3.7% of its AUM)
(1/3)
Some takeaways,
1/ Trivial volume comparing to US Spot ETF, seem initial issuance size is over-prepared on liquidity wise;
2/ Retail investors are major paticipates for today;
3/ Saw some familiar names on Broker/Dealer. In-kind creation/redemption hasn't perform as it supposes
📈7/24 Bitcoin ETF Net Flow:$ +44.2 million
BlackRock $IBIT: $ 65.7 m
Grayscale $GBTC: $ -26.2 m
Fidelity $FBTC: $ 1.4 m
Bitwise $BITB: $ 0 m
Ark $ARKB: $ 3.3 m
Invesco $BTCO: $ 0 m
Franklin $EZBC: $ 0 m
Valkyrie $BRRR: $ 0 m
VanEck $HODL: $ 0 m
WisdomTree $BTCW: $ 0 m
#Bitcoin
down to $69,700 pre market
$IBIT starts today with $68 million pre-market volume traded.
Most of them are active sell orders below price $40.3 ($70,700 in BRTI)
$IBIT starts today with $41 million pre-market volume traded.
@Grayscale
transfers 425 BTC ($28 million) to Coinbase Prime before market open. 5,187 bitcoins ($343 million) should remain in its Coinbase Prime account.
$IBIT starts today with $21 million pre-market volume traded.
@Grayscale
transfers 873.5 BTC ($58 million) to Coinbase Prime before market open. 4,913 bitcoins ($324 million) should remain in Coinase Prime account.
📉6/13 Total Net Flow:$ -226 million
BlackRock $IBIT: $ +18.3 m
Grayscale $GBTC: $ -61.5 m
Fidelity $FBTC: $ -106.4 m
Bitwise $BITB: $ -9.8 m
Ark $ARKB: $ -52.7 m
Invesco $BTCO: $ -2.7 m
Franklin $EZBC: $ 0
Valkyrie $BRRR: $ 0
VanEck $HODL: $ -11.3 m
WisdomTree $BTCW: $ 0
$IBIT starts today with $14 million pre-market volume traded.
@Grayscale
transfers 700 BTC ($46 million) to Coinbase Prime before market open. Regarding some withdrawal from Coinase Prime, 5,045 bitcoins ($333 million) should remain in account.
#Bitcoin
down to $67,600 (-2.3%) pre market
$IBIT starts today with $100 million pre-market volume traded. 83% of them are traded after higher-than-expectation CPI data came out.
Most of them are active sell orders below price $38.8 ($68,400 in BRTI)
As many ppl thought that's the reason blocking Bitcoin breaks $71,500.
Leveraged funds just like short on perp and buy spot to build risk-free neutral position for term premium. 2nd chart shows the other side of the mirror.
Another observable contradiction is that it can't
📈6/6 Total Net Flow:$ +219 million
BlackRock $IBIT: $+351 m
Grayscale $GBTC: $-37.6 m
Fidelity $FBTC: $+3.1 m
Bitwise $BITB: $-3.1 m
Ark $ARKB: $-96.6 m
Invesco $BTCO: $0
Franklin $EZBC: $ 0
Valkyrie $BRRR: $ 0
VanEck $HODL: $+2 m
WisdomTree $BTCW: $+0
7/12 Total Net Flow:$ 310.6 million
BlackRock $IBIT: $ 120.5 m
Grayscale $GBTC: $ 23 m
Fidelity $FBTC: $ 115.1 m
Bitwise $BITB: $ 28.4 m
Ark $ARKB: $ 13 m
Invesco $BTCO: $ 4 m
Franklin $EZBC: $ 0
Valkyrie $BRRR: $ 0
VanEck $HODL: $ 6.6 m
WisdomTree $BTCW: $ 0
$40,000,000 approx inflow into $BITB today. Bitcoin efficiently purchased.
All of us at Bitwise have a singular focus on this asset class. Grateful to investors entrusting us to steward their assets. It empowers us to advocate for the space.
2024 is the year Bitcoin enters the