Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

BlackRock buys 318 Bitcoins as Fidelity sells 1,210 Bitcoin

Source Cryptopolitan

BlackRock revealed that it purchased 318 Bitcoin as the U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) hit one year after being approved and launched. Fidelity also sold 1,210 Bitcoins from its Fidelity Physical Bitcoin ETP (FBTC).

BlackRock added more BTC to its $11 trillion in assets under management, and Nate Geraci, president of the advisory firm, The ETF Store, believes IBIT could surpass SPDR Gold Shares. Nasdaq also argued that the increase in position and exercise limit for IBIT was necessary to accommodate its large market presence.

Analysts say IBIT reached new milestones fast

🚨 Fidelity Sells 1210 Bitcoin.

ETFs trading like Kamala is about to be inaugurated pic.twitter.com/R8bAhRu5X3

— Thomas | heyapollo.com (@thomas_fahrer) January 14, 2025

BlackRock’s Bitcoin ETF increased its BTC holdings after it purchased another 318 BTC. Bloomberg Intelligence analyst James Seyffart said that he considered IBIT’s growth to be unprecedented. He also added that IBIT is the fastest ETF to reach most milestones, faster than any other ETF in any asset class. He also believes that IBIT can expect to earn about $112 million a year at the current asset level and expense ratio of 0.25%.

Fidelity also announced the sale of 1,210 Bitcoins, which added to its previous sell-off in 2024. The firm also sold 2,140 Bitcoin in late December 2024. Data from ETF Database showed that Fidelity currently has over $111 billion in total assets.

BlackRock buys 318 Bitcoins as Fidelity sells 1,210 Bitcoin — *Source: flows.heyapollo.com*

Data from SoSoValue revealed that BlackRock’s IBIT was the best-performing crypto product, with over $37.7 billion in cumulative net inflows since its debut on January 11, 2024.

Moreover, data from Farside Investors showed that the U.S. Bitcoin ETFs saw more than $35 billion in aggregate net inflows for the year, or roughly $144 million in net inflows each trading day.

Bloomberg Intelligence reported that the U.S. BTC ETFs broke $100 billion in net assets for the first time ever. Steno Research crypto analysts also believe that Bitcoin ETFs will attract another ~$48 billion worth of net inflows in 2025.

BlackRock launches new Bitcoin ETF on Cboe Canada

BlackRock offers more than 1,400 exchange-traded funds around the world, and recently revealed an additional Canadian ETF. Cboe Canada announced on January 13 that BlackRock will launch a new Bitcoin ETF on the Canadian securities exchange. The firm said that the ETF is designed to give Canadian investors access to BlackRock’s flagship U.S. spot Bitcoin ETF. The exchange also disclosed that it will invest “all or substantially all of its assets” in IBIT.

“Cboe has a history of bringing many first-of-their kind products to market, including spot crypto ETFs in the United States, and we’re thrilled to continue our leadership in innovation by listing BlackRock Canada’s IBIT ETF on Cboe Canada.”

~ Rob Marrocco, Global Head of ETF Listings at Cboe.

The Canadian fund also said that it would trade under the same IBIT ticker, and shares denominated in U.S. dollars would be traded under the IBIT.U ticker. Nasdaq acknowledged that the ETF will join upward of a dozen other Bitcoin ETFs trading on Canadian exchanges.

Helen Hayes, BlackRock’s head of iShares Canada, said that the iShares Fund will provide Canadian investors with a way to gain exposure to Bitcoin. Hayes added that the iShares Fund will help remove the operational and custody complexities of holding Bitcoin directly.

Nasdaq also proposed a rule change to the U.S. SEC to increase position and exercise limits for IBIT options from 25,000 to 250,000 contracts. The official document highlighted that Nasdaq ISE argued that the higher limits were necessary to accommodate the ETFs’ significant market presence.

The firm also argued that the current limit was “extremely conservative” given IBIT’s liquidity. The filing highlighted that the exercisable risk would represent only 2.9% of IBIT’s outstanding shares, even with the proposed increase to 250,000 contracts.

The filing indicated that the SEC had 45 days from its publication in the Federal Register to decide on the proposal, possibly extending the review period to 90 days if needed. The SEC said it will accept public comments on the proposed rule change until January 27.

Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - November 11, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.

Author Mitrade

Nov 11, Wed

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.

Bitcoin lost its 200-day average — but the exit started three sessions before the CPI Bitcoin fell 2.5% to about $73,400 on 11 November, an 11-week low, breaking its 200-day moving average near $73,100. The 24-hour liquidation tally reached $632 to $705 million, roughly 82% of it longs. But spot ETF outflows began three sessions earlier and USDT's market cap has shrunk $6.6 billion in 60 days — the leveraged length left before the inflation print did. A double top at 81,890 and 81,080 leaves a measured target of 69,366.

Author Suzie

Nov 11, Wed

Bitcoin fell 2.5% to about $73,400 on 11 November, an 11-week low, breaking its 200-day moving average near $73,100. The 24-hour liquidation tally reached $632 to $705 million, roughly 82% of it longs. But spot ETF outflows began three sessions earlier and USDT's market cap has shrunk $6.6 billion in 60 days — the leveraged length left before the inflation print did. A double top at 81,890 and 81,080 leaves a measured target of 69,366.

Nvidia slid 7.7% after hours while AMD and Broadcom rose — the AI trade changed hands, it didn't break Nvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.

Author Irene Q.

Nov 12, Thu

Nvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.

Gold hit a one-year low while central banks bought 321 tonnes — the sellers were never the ones you think Spot gold closed at 3,876 on Thursday, down 2.8% and its lowest close in more than a year, with an intraday low near 3,852. The dollar is at a 19-month high of 103.21 and the 10-year yield is at 5.10%, so the price move is easy to explain. What is harder to explain is who sold: central banks bought 321 tonnes in Q3, the PBoC added for a 24th straight month, ETF holdings are near a record 4,256 tonnes, and roughly 95% of the futures selling came from non-reportable and sovereign-type accounts rather than hedge funds. This piece separates the two books that have to balance.

Author Irene Q.

Yesterday 02: 40

Spot gold closed at 3,876 on Thursday, down 2.8% and its lowest close in more than a year, with an intraday low near 3,852. The dollar is at a 19-month high of 103.21 and the 10-year yield is at 5.10%, so the price move is easy to explain. What is harder to explain is who sold: central banks bought 321 tonnes in Q3, the PBoC added for a 24th straight month, ETF holdings are near a record 4,256 tonnes, and roughly 95% of the futures selling came from non-reportable and sovereign-type accounts rather than hedge funds. This piece separates the two books that have to balance.

Brent rose 3.3% and US crude stocks built 4.66 million barrels in the same week Brent January settled at 95.82, up 3.3%, and WTI at 88.74, up 2.55%, after the US signalled it would not pursue a deal with Iran and attacks on Gulf shipping continued. In the same week, EIA data showed US crude inventories rising 4.657 million barrels against expectations of a 1.1 million draw, with gasoline up another 1.799 million. OPEC output also rebounded 1.96 million barrels a day to 27.16 million in October, led by Saudi Arabia at 10.56 million. This piece separates the geopolitical premium from the physical balance and lays out where each side of the trade is anchored.

Author Irene Q.

Yesterday 03: 06

Brent January settled at 95.82, up 3.3%, and WTI at 88.74, up 2.55%, after the US signalled it would not pursue a deal with Iran and attacks on Gulf shipping continued. In the same week, EIA data showed US crude inventories rising 4.657 million barrels against expectations of a 1.1 million draw, with gasoline up another 1.799 million. OPEC output also rebounded 1.96 million barrels a day to 27.16 million in October, led by Saudi Arabia at 10.56 million. This piece separates the geopolitical premium from the physical balance and lays out where each side of the trade is anchored.

Popular Symbols