Bitcoin, BlackRock and ETF
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BlackRock’s IBIT ETF could hit $100 billion in assets this month, driven by institutional flows and Bitcoin's rise.
As the U.S. government mulls over the future of crypto regulation during its self-proclaimed “crypto week,” investors are also looking toward a potentially bright future for cryptocurrencies — through their portfolios.
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TipRanks on MSNBlackRock’s (BLK) Bitcoin ETF Now Holds 700,000 BTC, More than Michael Saylor’s StrategyThe iShares Bitcoin Trust also holds more Bitcoin than the 600,000 BTC currently owned by Michael Saylor’s Strategy (MSTR), which began its cryptocurrency purchases back in 2020. Fidelity’s spot Bitcoin ETF, by comparison, holds 203,000 Bitcoin, while Grayscale’s signature fund owns 184,000 BTC.
BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed 700,000 Bitcoin in holdings, marking a significant milestone for the spot Bitcoin exchange-traded fund.
Bitcoin achieved a new milestone on July 14, reaching $120,000 on Coinbase at 2:47 am UTC. The cryptocurrency extended its July rally with a 13% gain for the month.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) is already generating substantial revenue for the world’s largest asset manager, despite being on the market for less than two years.
BlackRock's iShares Bitcoin Trust (IBIT) product has outperformed the asset manager's other 1,400 exchange-traded funds (ETFs) this year. Nate Geraci, president of The ETF Store, calls it "the ...
BlackRock has been accumulating its bitcoin stash on behalf of clients and investors via its exchange traded fund. Along with the other Bitcoin ETF issuers, the total amount invested via the funds ...
BlackRock’s recent application to start a Bitcoin ETF has raised hopes that the SEC would soon approve an instrument seen as key to crypto’s growth. But a range of market watchers contacted by ...