BlackRock's Bitcoin ETF Surpasses $1B in Assets in First Week Amid Strong Demand
- BlackRock's new Bitcoin ETF (IBIT) hit $1B assets under management in first week
- IBIT holds over 25k Bitcoin tokens, making up 99% of holdings
- Trades at small premium to Bitcoin spot price
- Seeing strong demand with $14M average daily trading volume
- Part of BlackRock's long-term commitment to provide quality crypto ETFs