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
Michael Burry Takes Aim at Another Trump-Era Trade
Spot Gold Opens Slightly Lower, Silver Opens Slightly Higher
U.S. Stock Index Futures Open Slightly Higher
Could the New SpaceX Debt Trigger Ray Dalio's AI Bubble Burst Warning?
Crypto prices
More
