tldr; BlackRock’s iShares Bitcoin Trust (IBIT) surpassed $80 billion in assets under management, becoming the fastest ETF to reach this milestone in 374 trading days. It outpaced the Vanguard S&P 500 ETF and other international-equity funds. As of July 11, IBIT ranks as the 21st-largest ETF in the U.S., holding 706,008 BTC, valued at $83 billion. U.S. spot Bitcoin ETFs collectively hold 1.26 million BTC, worth $149 billion, with IBIT leading the market. The ETF’s rapid growth highlights increasing investor interest in Bitcoin-focused financial products.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
MichaelAischmann on
No wonder with BTC pushing new ATHs.
codex04 on
Probably nothing 😴
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tldr; BlackRock’s iShares Bitcoin Trust (IBIT) surpassed $80 billion in assets under management, becoming the fastest ETF to reach this milestone in 374 trading days. It outpaced the Vanguard S&P 500 ETF and other international-equity funds. As of July 11, IBIT ranks as the 21st-largest ETF in the U.S., holding 706,008 BTC, valued at $83 billion. U.S. spot Bitcoin ETFs collectively hold 1.26 million BTC, worth $149 billion, with IBIT leading the market. The ETF’s rapid growth highlights increasing investor interest in Bitcoin-focused financial products.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
No wonder with BTC pushing new ATHs.
Probably nothing 😴