After Bitcoin spot ETFs were officially approved by the SEC on January 10, BlackRock’s IBIT product received billions of dollars in demand, totaling more than $16 billion. Eric Balchunas, Bloomberg’s ETF analyst, claimed that this situation is very rare.

BlackRock, which officially reported its first quarter figures to the SEC, had 414 Bitcoin spot ETF clients. Balchunas, on the other hand, said, “ended up with 414 reported holders in its first 13F season, which is mind boggling, blows away record…”

As it is known, companies submit a 13F report to the SEC on a quarterly basis. In this report, the figures for the 3 months are officially disclosed to the public. This is how details about the companies that bought BlackRock’s spot Bitcoin ETF and how much they bought were revealed. Many banks, from JPMorgan to BNP Paribas, UBS to Morgan Stanley, also announced their Bitcoin spot ETF purchases.

BlackRock’s IBIT fund has been the most invested fund among Bitcoin spot ETFs so far. Of the $16.6 billion investment, $844 million belonged to Millennium Management. The company ranks first in this sense. Behind it comes Schonfeld Strategic Advisors with $248 million.