menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Funding News

>

Report: Bl...
source image

Pymnts

2w

read

409

img
dot

Image Credit: Pymnts

Report: BlackRock’s Record ETF Offering Helped Bitcoin Hit $100K

  • BlackRock's bitcoin exchange-traded fund (ETF) known as IBIT has achieved unprecedented growth, surpassing $50 billion in assets and becoming the fastest ETF to reach this milestone.
  • BlackRock's embrace of bitcoin ETFs has played a significant role in pushing the cryptocurrency's price above $100,000 for the first time.
  • The approval of bitcoin ETFs by the Securities and Exchange Commission has been seen as a turning point for the cryptocurrency sector, opening it up to a broader range of investors.
  • The year 2021 has been monumental for cryptocurrency, characterized by regulatory clarity, technological advancements, and increasing institutional interest.

Read Full Article

like

24 Likes

For uninterrupted reading, download the app