Posted 1/26/2024, 5:43:00 PM
BlackRock's Bitcoin ETF First to Hit $2B Assets Under Management As Crypto Funds See Continued Growth
- BlackRock iShares Bitcoin ETF (IBIT) became the first spot bitcoin ETF to reach $2B in assets under management (AUM)
- IBIT purchased nearly 4,300 more bitcoin, bringing its total holdings to 49,952 BTC
- With bitcoin above $40K, IBIT's AUM topped $2B; it's the 3rd highest asset gathering among ETFs launched in the past year
- IBIT could soon be the top asset gathering ETF launched in the past 12 months
- Fidelity's Wise Origin Bitcoin Fund (FBTC) likely next to cross $2B with nearly 44K BTC held