menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

BlackRock’...
source image

Cryptoslate

2w

read

91

img
dot

Image Credit: Cryptoslate

BlackRock’s Bitcoin ETF becomes fastest-growing in history with $30B milestone

  • BlackRock's iShares Bitcoin Trust ETF (IBIT) has surpassed $30 billion in assets under management, making it the fastest-growing ETF in history.
  • IBIT reached this milestone in just 293 days, setting a new record surpassing other popular ETFs like JPMorgan Equity Premium Income ETF and major Gold ETFs.
  • The fund currently holds over 417,000 Bitcoin, representing about 2% of the total Bitcoin supply.
  • The success of BlackRock's ETF reflects the surge in institutional demand for Bitcoin, with other leading funds also experiencing strong inflows.

Read Full Article

like

5 Likes

For uninterrupted reading, download the app