BLACKROCK'S IBIT SPOT ETF CROSSES 500,000 BITCOIN IN ASSET UNDER MANAGEMENT
- @BlackRock's IBIT Spot Exchange-traded Fund has surpassed 500,000 BTC ~ $48B in asset under management.
- The notable landmark was observed on Monday when 3,526 BTC worth of net inflow was recorded, according to latest fund disclosure by iShares.
- As of November 29, Blackrock's Spot ETF accumulated 496,854 BTC before Tuesday's inflow took it above 500,000 BTC.
Key Highlights:
- BlackRock's IBIT Spot ETF has been on a steady rise since launching on January 11. The fund becomes the fastest to reach half a billion BTC in holdings, achieving such feat in less than a year.
- The fund is now approaching $50B in Asset under management according to data disclosed on December 2.
- IBIT currently occupies approximately 50% of the total U.S. Spot ETF holdings.
Images obtained from X and AI
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If Trump get's elected we will most likely see the biggest bull market of our lives.
If Kamala wins, she will tax your unrealised #Bitcoin gains.