Blackrocks Ishares Bitcoin Trust (Ibit) now holds 700,000 Bitcoin
According to Glassnode Data, and has collected $ 76 billion in assets under management in just 18 months, and exceeds both Ishares Core S&P 500 Etf (IVV)which tracks the US equity benchmark and Ishares Russell 2000 ETF (IWM)The performance of US equities traces in small capital.
The numbers beat the 600,000 BTC contained in the strategy (Mstr)BUY started in 2020, comparing with Fidelity FBTC’s 203,000 BTC and Grayscale GBTC’s 184,000 BTC.
“New milestone, Ishares Bitcoin ETF now holds over 700,000 BTC. 700,000 Did this in 18 months. Ridiculous, ”commented Nate Geraci, president of the Etf store, in a post on X.
The US Spot Bitcoin Exchange-traded funds (ETFS) Debuted in January 2024 and has become the most successful ETF Introductions of all time. Since its inception, they have attracted $ 50 billion in net flow.
Ibit is now the third highest revenue-generating ETF for Blackrock across all its ETF products. Senior Bloomberg ETF analyst Eric Balchunas noticed that Blackrock is driving a total of 1,197 funds.
