BlackRock's $20 billion ETF is now the world's largest Bitcoin fund
Exchange-traded fund held $19.68b of the token, dethroning Grayscale Bitcoin Trust
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Exchange-traded fund held $19.68b of the token, dethroning Grayscale Bitcoin Trust
BlackRock Inc’s (NYSE:BLK) iShares Bitcoin Trust (NASDAQ:IBIT) has become the most significant Bitcoin fund globally, amassing nearly $20 billion in assets since its U.S. listing earlier this year.
The iShares Bitcoin Trust has attracted the greatest inflow since going live, while investors have pulled $17.7 billion from the Grayscale fund.
Hightower Advisors has invested millions into spot Bitcoin ETFs, highlighting the growing interest among traditional financial entities in the emerging funds that have shown sustained popularity
Spot Bitcoin (CRYPTO: BTC) ETFs experienced a new net outflow of $34.36 million on Thursday, signifying a continued trend of investor caution following the record-breaking outflows