IBIT Bitcoin ETF Closes In on Grayscale as Top Institutional Holder as Crypto Demand Strengthens

• IBIT Bitcoin ETF nears 200K bitcoins, edging past MicroStrategy's holdings • MicroStrategy purchases additional 12K bitcoins over the weekend, reaching 205K total • Bitcoin price surges to near record highs in 2024 amid strong investor demand • Grayscale Bitcoin Trust still has the most bitcoin at 400K, but saw $10B+ outflows • Analysts predict bitcoin will continue setting new highs, potentially surpassing $100K