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Binance’s CZ Reacts as BlackRock’s Bitcoin ETF Reaches $50B on 1st Anniversary

  • BlackRock's iShares Bitcoin ETF, IBIT, has surpassed $50 billion in assets under management (AUM) within just one year, demonstrating growing institutional confidence in Bitcoin.
  • Changpeng Zhao (CZ), co-founder and former CEO of Binance, acknowledged IBIT's remarkable growth, highlighting its position as BlackRock's fastest-growing ETF ever.
  • IBIT's success signifies wider acceptance of Bitcoin within traditional finance, leading to increased liquidity and stability in the market.
  • The growth of IBIT sets the stage for future ETFs tied to other cryptocurrencies, expanding investment opportunities in the digital asset space.

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