For years, GBTC was the world’s largest bitcoin fund, with assets in the fund peaking at about $44b in November 2021. However, investors have pulled nearly $18b from the fund since it converted into an ETF in mid-January. Nine newly launched bitcoin ETFs by Wall Street asset managers including BlackRock and Fidelity Investments have raked in over $30b since then.
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BlackRock now runs the world’s largest Bitcoin fund
Institutional investors that manage at least $100 million in U.S. stocks and certain other equities must disclose their holdings as of the end of each quarter in Form 13F filings with the Securities and Exchange Commission.
