BlackRock’s spot Bitcoin ETF records 20% growth in net assets during Q3

BlackRock’s spot Bitcoin ETF records 20% growth in net assets during Q3
фото показано с : cryptoslate.com

2024-11-8 22:53

The iShares Bitcoin Trust ETF (IBIT) surpassed $23.3 billion in net asset value (NAV) in the third quarter, registering a 20% quarterly growth, according to a Nov. 7 to a 10-Q Form filing with the US Securities and Exchange Commission (SEC).

BlackRock’s Bitcoin (BTC) exchange-traded fund (ETF) holds 367,805 BTC, worth roughly $21.5 billion, with roughly $1.8 billion in unrealized profit as of Sept. 30.

Additionally, since its inception, the IBIT has only sold 0.28% of its Bitcoin stash to cover share redemption, indicating high investor retention. As a result, the fund ended the third quarter with 366,448 BTC under management.

Shares growing

The filing highlighted that the NAV growth is mainly related to a 19.8% increase in outstanding shares, rising from 539.1 million to 644 million between quarters. Outstanding shares are owned by investors and are available for trading in the secondary market.

IBIT’s liabilities are nearly $4 million, which is related to the ETF’s sponsor fees. Besides that, BlackRock’s spot Bitcoin ETF has not registered any expenses since January.

Notably, BlackRock registered over $1.6 million in realized profit by selling BTC since its inception to cover its expenses related to sponsor fees and redeeming investors’ shares.

Daily records

IBIT registered two daily records on Nov. 6 after hitting $1 billion in daily trading volume within 20 minutes of the trading session. 

Bloomberg senior ETF analyst Eric Balchunas highlighted that IBIT closed the day with $4.1 billion in trading volume, its highest since launch. However, IBIT registered its worst daily outflow on the same day, as $69.1 million left the fund.

Balchunas added:

“For context that’s more volume than stocks like Berkshire, Netflix or Visa saw today. It was also up 10%, its second best day since launching.”

Additionally, the US-traded spot Bitcoin ETFs reached $6 billion in volume, a collective record.

Nevertheless, considering last week’s massive inflows, the outflows seen this week are not a cause for concern, as highlighted by a recent Glassnode report.

The post BlackRock’s spot Bitcoin ETF records 20% growth in net assets during Q3 appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 75964.24 (-0.33%)
Объем 24H $59.413b
Изменеия 24h: 1.10 %, 7d: 9.55 %
Cегодня L: $75545.13 - H: $76678.74
Капитализация $1502.59b Rank 1
Цена в час новости $ 76013.15 (-0.06%)

bitcoin growth etf 10-q form registering nov

Источник: cryptoslate.com

bitcoin growth → Результатов: 126


Number of Bitcoin addresses holding 0.01 BTC hits a record high, As DigiToads on track to be the most successful presale of the decade

The crypto industry has greatly contributed to the growth of the world’s financial market, as new and old cryptocurrencies with promising growth potential provide investors with great profits. Recently, revolutionary events involving Bitcoin (BTC) and a new cryptocurrency called DigiToads (TOADS) have taken the crypto world by storm. Bitcoin is one of the biggest DeFi […]

2023-5-14 00:00


Bitmain инвестировал $3 млн в борющийся с рекламным мошенничеством блокчейн-стартап

Китайский производитель майнингового оборудования Bitmain инвестировал $3 млн в блокчейн-стартап tribeOS. Excited to be part of @BITMAINtech‘s rapid exponential growth! https://t. co/5GBRdL4dra — tribeOS (@tribe0S) 8 августа 2018 г.

2018-8-8 19:10


Фото:

$37 million of bitcoin revenue assist square accelerate increase in q2

Finance Square has reported its Q2 2018 financial results, revealing that $37 million of Bitcoin-related revenue helped the company accelerate its growth during the period. Also Read: Coinmarketcap Launches Professional API and Derivatives Markets $37 Million of Bitcoin Revenue Square Inc (NYSE:SQ), the developer of the mobile payment app Square Cash, has posted its financial

2018-8-3 21:56


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Dapps’ revenue hits $164M in October amid growing adoption

According to a report by Binance Research, decentralized applications (dApps) represented 12 out of 15 protocols with the most significant revenues in October, amounting to $164 million. This suggests growing blockchain adoption, fueled by trading bots and decentralized exchanges.

Maximize Your Rewards: The Machines Arena Season 2 Airdrop Guide

Discover how to make the most of The Machines Arena Season 2 Airdrop. Earn points, unlock in-game items, and climb the leaderboard for exciting rewards. The post Maximize Your Rewards: The Machines Arena Season 2 Airdrop Guide appeared first on NFT News Today.

Potential Impacts of a Trump Presidency on the Web3 Gaming Industry

Discover how Trump's changing stance on Web3 could influence the world of gaming. Learn about the potential impact on digital ownership and in-game economies. The post Potential Impacts of a Trump Presidency on the Web3 Gaming Industry appeared first on NFT News Today.

Bitcoin as a US strategic reserve asset could create ‘monetary stability’ – BPI

Bitcoin’s maturity as a decentralized digital asset has spurred discussions on its role within national reserves, drawing interest from US policymakers. Bitcoin’s evolution from an experimental asset to a recognized financial instrument provides new strategic avenues for economic stability, geopolitical resilience, and energy policy.