Blackrock’s ishares Bitcoin Trust (Ibit) Now holds 700,000 bitcoin
According to Glassnode Data, and raised $ 76 billion in assets under management in just 18 months, going beyond the FNB Ishares Core S&P 500 (IVV)which follows the reference of American actions and Ishares Russell 2000 ETF (IWM)which follows the performance of American shares with small capitalization.
The figures beat the 600,000 BTCs held by strategy (MSTR)which started purchases in 2020, and compared to the 203,000 BTC of Fidelity FBTC and the 184,000 BTC in Graycale.
“The new milestone, Ishares Bitcoin Etf now has more than 700,000 BTC. 700,000 Did this in 18 months. Ridiculous, ”commented Nate Geraci, president of the ETF store, in an article on X.
Funds negotiated in exchange American Bitcoin (ETF) made his debut in January 2024 and became the most successful ETF introductions of all time. Since the creation, they have attracted $ 50 billion in net entries.
Ibit is now the third ETF generating the highest income for BlackRock on all of its ETF products. Bloomberg ETF senior analyst Eric Balchunas noted that BlackRock operates a total of 1 197 funds.
