Blackrock Amasses 110K Bitcoins for ETF Amounting to $5.4B in Crypto Assets

Blackrock, renowned as the worlds largest asset manager, recently revealed that its spot Bitcoin exchange-traded fund (ETF), Ishares Bitcoin Trust (IBIT), has amassed a significant holding. As of February 14, IBIT boasted 109,609 bitcoins and $109,955 in cash, equating to approximately $5,453,917,345 in net assets. Rising Inflows and Market Impact On February 14 alone, spot Bitcoin ETFs garnered a substantial inflow of $339.8 million, with IBIT leading the charge with a net inflow of $224.3 million. Data compiled by Bitmex Research indicates that ten U.S. spot Bitcoin ETFs...


Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]