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BlackRock’s iShares Bitcoin Trust (IBIT) present holds 700,000 bitcoin (BTC), according to Glassnode data, and has amassed $76 cardinal successful assets nether absorption successful conscionable 18 months, outstripping some the iShares Core S&P 500 ETF (IVV), which tracks the U.S. equity benchmark, and iShares Russell 2000 ETF (IWM), which tracks the show of small-cap U.S. stocks.
The figures beats the 600,000 BTC held by Strategy (MSTR), which started purchases successful 2020, and compares with Fidelity FBTC's 203,000 BTC and Grayscale GBTC's 184,000 BTC.
“New milestone, iShares Bitcoin ETF present holds implicit 700,000 BTC. 700,000 Did this successful 18 months. Ridiculous,” Nate Geraci, president of The ETF Store, commented successful a station connected X.
The U.S. spot bitcoin exchange-traded funds (ETFs) debuted successful January 2024 and person go the astir palmy ETF introductions of each time. Since inception, they person attracted $50 cardinal successful nett inflows.
IBIT is present the 3rd highest revenue-generating ETF for BlackRock crossed each its ETF products. Senior Bloomberg ETF expert Eric Balchunas noted that BlackRock operates a full of 1,197 funds.
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