The BlackRock iShares Bitcoin ETF (IBIT) achieved a significant milestone on Friday by becoming the first among the recently launched spot bitcoin products to amass over $2 billion in assets under management (AUM). However, despite a weekend rally, the market remains uncertain.
The BlackRock iShares Bitcoin ETF (IBIT) achieved a significant milestone on Friday by becoming the first among the recently launched spot bitcoin products to amass over $2 billion in assets under management (AUM). This accomplishment positions IBIT as a major player in the rapidly expanding Bitcoin investment market.
Notably, this achievement excludes Grayscale’s GBTC, which, at the time of its transformation from a closed-end fund to a spot ETF, boasted an impressive $30 billion in AUM.
Investors demonstrated their confidence in IBIT on Thursday, injecting an additional $170 million into the fund. The influx of capital allowed IBIT to acquire 4,300…
