BlackRock’s $20 Billion IBIT Becomes The World's Largest Bitcoin ETF

BlackRock’s $20 Billion IBIT Becomes The World's Largest Bitcoin ETF
фото показано с : bitcoinmagazine.com

2024-5-30 12:20

BlackRock's spot bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT), has overtaken Grayscale's Bitcoin Trust (GBTC) as the world's largest Bitcoin ETF.

As of May 28, IBIT holds over $20 billion in assets with 288,670 Bitcoin in its trust. This surpasses GBTC's $19.7 billion in assets and 287,450 bitcoin holdings.

JUST IN: BlackRock's spot #Bitcoin ETF $IBIT passes GBTC to become the largest Bitcoin ETF in the world. pic.twitter.com/b9hgfZLmY7

— Bitcoin Magazine (@BitcoinMagazine) May 29, 2024

The flipping of fortunes comes just months after both ETFs launched on the same day in January amid a wave of SEC-approved bitcoin ETFs hitting the market. While GBTC bled funds, IBIT saw steady inflows that now make it the dominant player.

Grayscale has witnessed accelerating outflows as investors pivot to BlackRock's ETF and other spot bitcoin products due to its high fees. On Tuesday alone, GBTC saw a $105 million exit while IBIT gained over $100 million.

The rise of IBIT also beats out the $11 billion Fidelity Bitcoin ETF for the top spot. Its rapid ascent to over $20 billion in assets also makes it one of the fastest-growing ETFs ever.

BlackRock is adding IBIT to its Strategic Income and Strategic Global Bond funds this week, further validating institutional demand. The asset manager now holds shares of its Bitcoin ETF across several major funds.

Image Subtext: Click the image to learn more.

With Bitcoin adoption going mainstream, asset managers like BlackRock are positioning themselves to meet surging institutional demand. The SEC's approval of bitcoin ETFs has provided an easy on-ramp for banks, hedge funds and more.

BlackRock's rise to become the issuer of the largest Bitcoin ETF signals the growing acceptance of Bitcoin by legacy finance. Old-guard firms increasingly see the value in offering clients access to digital asset exposure.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95908.41 (-0.99%)
Объем 24H $98.381b
Изменеия 24h: 1.13 %, 7d: 7.75 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1897.592b Rank 1
Цена в час новости $ 68083.79 (40.87%)

bitcoin world etf blackrock largest billion ibit

Источник: bitcoinmagazine.com

bitcoin world → Результатов: 126


Фото:

Bitcoin Resistance At $26,600: A Make Or Break Moment For Bulls

Bitcoin (BTC) is currently consolidating above the crucial $26,000 level, a key threshold for the world’s largest cryptocurrency to continue its upward momentum and reach higher levels.   The recovery of this price mark on June 15th has given BTC holders renewed confidence, with the highly anticipated news of Blackrock, the largest fund manager in the world with over $10 trillion under its management, announcing a formal application for a new spot Bitcoin Exchange-Traded Fund (ETF) has further boosted their optimism.

2023-6-20 00:00


Фото:

World’s Largest Asset Manager Blackrock Enters Bitcoin Space — Discusses What’s Driving Up BTC Price

The world’s largest asset manager with almost $9 trillion in assets under management, Blackrock, has started investing in bitcoin. Sharing his view on what’s driving up the price of the cryptocurrency, the firm’s chief investment officer says the technology and the regulation have evolved to where people find bitcoin should be part of their portfolios. […]

2021-2-19 20:30


The White House’s $6 trillion stimulus package is astronomically bullish for Bitcoin; here’s why

The entire world, including the Bitcoin industry, has been ravaged by the coronavirus outbreak over the past few weeks; indeed, to mitigate the spread of COVID-19, authorities have been forced to enact emergency measures, thereby shutting down thousands of businesses and resulting in millions laid off around the world.

2020-3-25 02:02


Will Bitcoin’s True Value Proposition Shine During End of Times Scenario?

Bitcoin is in big trouble after a historic selloff, and the world may be facing its gravest situation yet in the face of a global pandemic and recession. With Bitcoin designed to withstand a recession and having certain attributes that make it immune to the current challenges, the world is facing, will the first-ever cryptocurrency’s...

2020-3-18 22:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Дебаты в США и падающий биткоин: как реагируют акции криптокомпаний

Пока биткоин продолжает торговаться около $60 000, в США прошли первые телевизионные дебаты между кандидатами в президенты. События, можно сказать, эпохальные. А как на это отреагировали акции крупных криптокомпаний, большинство из которых базируется как раз в США?

Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF

Bitcoin ETF provider Grayscale has provided some illustrative details of its spin-off fund, the Bitcoin Mini Trust (BTC), including a more competitive 0.15% fee than the uplisted mothership GBTC product, according to a pro forma financials in its latest filing.