The Grayscale Bitcoin fund experienced outflows of around $125 million, as of April 12. At that time, the fund had a market cap of $18.77 billion and a volume of $1.11 billion. According to a recent post by X, IBIT garnered $15 billion in cash over three months, an amount that the analyst noted was twice that of any of BlackRock’s 421 available ETF products.
Furthermore, new entities such as Citi, Citadel, Goldman Sachs, and UBS have joined the list of authorized participants (APs) for BlackRock, bringing the total number of APs to nine.