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BlackRock’s Spot Bitcoin ETF Now Holds Over 2% of Total Bitcoin Supply


BlackRock’s Spot Bitcoin ETF Now Holds Over 2% of Total Bitcoin Supply

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  • IBIT holds over 2% of Bitcoin supply, marking a historic milestone for Bitcoin ETFs.  
  • BlackRock’s IBIT raised $50B in 2024, becoming the fastest-growing ETF ever.  
  • IBIT’s success helped drive Bitcoin’s price above $100,000, attracting institutional investors.

BlackRock’s spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), has achieved a remarkable milestone. It now holds over 2% of the total supply of Bitcoin that will ever exist. This comes after a successful debut year, with IBIT establishing itself as the fastest-growing exchange-traded fund (ETF) in history.

Since its launch in January 2024, the iShares Bitcoin Trust has accumulated over $50 billion in assets under management (AUM), setting a new record for a newly launched ETF.

IBIT Dominates the Bitcoin ETF Market

According to data from Farside, net inflows into IBIT were more than three times greater than those of FBTC, which recorded $12 billion in net inflows for the year. This highlights IBIT’s dominance in the Bitcoin ETF market.

The post BlackRock’s Spot Bitcoin ETF Now Holds Over 2% of Total Bitcoin Supply appeared first on Coin Edition.

Read the article at CoinEdition

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