According to U.Today, BlackRock's IBIT, the largest spot Bitcoin ETF, has outperformed its competitors in terms of the amount of Bitcoin held and another significant metric. Eric Balchunas, a senior ETF analyst for Bloomberg, revealed this information in a recent tweet. Balchunas reported that the fund had an astonishing 414 reported holders in its first 13F season. This figure is remarkable, according to the analyst, who added that it 'blows away [the] record.'
Balchunas further explained that even if a newly launched ETF manages to attract 20 holders, it is considered a significant and rare achievement. He also provided a comparison of BlackRock's performance with some of the other largest spot Bitcoin ETFs. Bitwise's BITB has approximately 100 reported holders, Fidelity's FBTC has just under 250, and Ark Invest has fewer than 100.
However, despite its success in these metrics, BlackRock's ETF has seen zero inflows for three consecutive days. In contrast, the other nine spot ETFs have experienced positive inflows over the past three days, accumulating $303 million worth of Bitcoin on May 15, as per data shared by the @spotonchain analytics account.