BlackRock iShares Bitcoin ETF surpasses 700K Bitcoin
BlackRock’s iShares Bitcoin ETF now holds 55% of the total Bitcoin held across all US spot Bitcoin ETFs.
BlackRock’s spot Bitcoin exchange-traded fund has just crossed over 700,000 BTC, worth approximately $75.5 billion, after registering another $164.6 million inflow on Monday.
BlackRock, the world’s largest asset manager, now holds 700,307 BTC in its iShares Bitcoin Trust (IBIT) ETF, according to Apollo co-founder Thomas Fahrer.
BlackRock’s own iShares website shows IBIT held 698,919 BTC as of Thursday, and as such, the fund added 1,388 BTC in two trading sessions.