# Binances CZ Spotlights BlackRock’s Bitcoin ETF Achievement: $50 Billion in Holdings as IBIT Celebrates First Anniversary
Binance’s ex-chief offered his perspective on the one-year milestone of the biggest Bitcoin ETF.
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Changpeng Zhao, commonly recognized as CZ, the co-creator and former CEO of Binance, the globe’s biggest cryptocurrency trading platform until the end of 2023, has utilized his X platform to share his thoughts on the advancements of Bitcoin ETFs.
He specifically highlighted the success of a particular spot Bitcoin Exchange Traded Fund overseen by the asset management powerhouse, BlackRock. CZ was commenting on a tweet that displayed the current BTC assets of BlackRock, which, according to information from Arkham Intelligence, is a massive quantity of Bitcoin estimated at $54,256,865,292.
CZ labeled BlackRock’s ETF, IBIT, as “the quickest expanding ETF ever,” noting that it has only been a year since its introduction in mid-January 2024. The crypto influencer added, “This is just the start.”
Based on a recent tweet from the @lookonchain analysis X account, today, BlackRock’s IBIT witnessed inflows of $38.9 million (432 BTC). Revised data from the same source indicates BlackRock’s Bitcoin holdings are slightly lower, at $51.57 million.
Grayscale Bitcoin Mini Trust experienced slightly smaller inflows of 412 BTC, valued at $36,452,878. These two were the only ETFs experiencing inflows today. All others encountered substantial outflows. Fidelity’s inflows were nil, as were Ark Invest ETF’s. Toncoin (TON) Value Forecast for March 26th
Good heavens, it appears that certain Bitcoin ETFs are encountering a somewhat challenging period! Bitwise endured the most substantial setback, relinquishing 76 entire bitcoins. Simultaneously, Invesco Galaxy and Grayscale underwent more modest diminutions, with 9 and 8 bitcoins departing their coffers, correspondingly. Nevertheless, the genuine stunner is Valkyrie Bitcoin Fund, which witnessed an enormous exodus of 670 bitcoins, approximating an astounding $59.3 million! It’s undeniably an unstable epoch in the realm of cryptocurrency.
