BlackRock’s IBIT Soars to World’s No. 2 Bitcoin Owner, Trailing Only Satoshi
- BlackRock’s IBIT Bitcoin ETF is now a top 25 global ETF by assets in just 1.4 years.
- IBIT holds $68.83B in assets & 660,842 BTC, ranking as the #2 Bitcoin holder globally.
- Low fees and institutional trust drive IBIT’s strong lead over competitors like FBTC, GBTC.
BlackRock’s iShares Bitcoin Trust (IBIT) has climbed the ranks in the exchange-traded fund (ETF) world at an incredible speed. Just 1.4 years into its launch and IBIT has already landed a spot among the top 25 largest ETFs globally when measured by assets. That’s a major accomplishment, especially since it’s more than a decade younger than any other fund on that top-tier list.
To put it in perspective, as noted by Bloomberg Intelligence’s Eric Balchunas, IBIT is like an infant mingling with financial veterans. But this “infant” is growing fast, powered by investor demand for Bitcoin exposure in a regulated and cost-efficient wrapper.
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BlackRock’s IBIT Soars to World’s No. 2 Bitcoin Owner, Trailing Only Satoshi
- BlackRock’s IBIT Bitcoin ETF is now a top 25 global ETF by assets in just 1.4 years.
- IBIT holds $68.83B in assets & 660,842 BTC, ranking as the #2 Bitcoin holder globally.
- Low fees and institutional trust drive IBIT’s strong lead over competitors like FBTC, GBTC.
BlackRock’s iShares Bitcoin Trust (IBIT) has climbed the ranks in the exchange-traded fund (ETF) world at an incredible speed. Just 1.4 years into its launch and IBIT has already landed a spot among the top 25 largest ETFs globally when measured by assets. That’s a major accomplishment, especially since it’s more than a decade younger than any other fund on that top-tier list.
To put it in perspective, as noted by Bloomberg Intelligence’s Eric Balchunas, IBIT is like an infant mingling with financial veterans. But this “infant” is growing fast, powered by investor demand for Bitcoin exposure in a regulated and cost-efficient wrapper.
The post BlackRock’s IBIT Soars to World’s No. 2 Bitcoin Owner, Trailing Only Satoshi appeared first on Coin Edition.
Read More