IMG-LOGO

BlackRock overtakes MicroStrategy for largest Bitcoin stack

lieutenantdan - 2024-03-09 21:35:18

The Bitcoin ETFs are going crazy as of late


I haven't been following these as closely as I was, but the inflows are bigger than ever.


GBTC is having outflows still, but those aren't getting in the way of the massive inflows into the others.


IBIT has juts past MSTR as having the largest bitcoin stack:


image.png


(Source: https://twitter.com/BitcoinNewsCom/status/1766564607403933975/photo/1)


GBTC has a much larger stack than both of these, but clearly no one wants to stay in that fund so it is only a matter of time until they both pass GBTC in terms of bitcoin held.


You read it here first.