BlackRock’s iShares Bitcoin Trust (go) Now hold 700,000 bitcoins
According to GlassNode data and amassed $76 billion in assets in just 18 months, surpassing the Ishares Core S&P 500 ETF (IVV)tracking US stock benchmarks and Ishares Russell 2000 ETFs (IWM)it tracks the performance of small U.S. stocks.
These figures beat the 600,000 BTC held by the strategy (MSTR)This is purchased from 2020 and compared with 203,000 BTC from Fidelity FBTC and 184,000 BTC from Grayscale GBTC.
“A new milestone, the Ishares Bitcoin ETF now has over 700,000 BTC. 700,000 This has been done in 18 months. Ridiculous,” Nate GeraciThe president of ETF Store, commented in an article on X.
US spot Bitcoin exchange trading funds (ETF) It debuted in January 2024 and has become the most successful ETF introduction ever. Since its inception, they have attracted Net inflow of $50 billion.
IBIT is now the third highest-income ETF of BlackRock of all its ETF products. Senior Analyst at Bloomberg ETF Eric Balchunas It points out that BlackRock has a total of 1,197 funds.
