BlackRock's IBIT sees 15% rise in institutional holders in Q3

The number of institutional holders of BlackRock's spot Bitcoin ETF (IBIT) increased by 15% in the third quarter from the previous quarter, according to an analysis by Trader T. The proportion of institutional investors among all IBIT holders also rose by one percentage point to 29%. Among IBIT investors, sovereign wealth funds hold a 2.14% share, while entities from the United Arab Emirates (UAE) account for 4.1% of ownership.