BlackRock Spot Bitcoin ETF Surpasses $2 Billion in Assets Under Management
The BlackRock Spot Bitcoin ETF (IBIT) surpassed $2 billion in assets under management, becoming the first of nine new products of its kind to reach that size (excluding GBTC, which is greyed out). On Thursday, investors added about $170 million to IBIT, and the fund purchased nearly 4,300 more BTC, bringing the total number of BTC held to 49,952. The next fund to cross the $2 billion mark is likely to be Fidelity's Wise Origin Bitcoin Fund (FBTC), which held just under 44,000 bitcoins as of 25 January.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Indah Prakasa Sentosa controller PT Graha Inti Guna Persada cuts stake to 79.02% from 87.48%
Heliad invests in character robotics startup Dynamic Creatures
Sandisk Insider Sold Shares Worth $4,078,998, According to a Recent SEC Filing
Hapag-Lloyd voting rights: Stähelin gains 73.86% stake via attribution disclosure
Crypto prices
More
