iShares Bitcoin Trust ETF (IBIT), the BlackRock ETF on spot Bitcoin, has set a new record.
In fact, it has become the first ETF in the world to have surpassed 500,000 BTC held, after the Grayscale Bitcoin Trust sold about 400,000 from January until today.
At this moment, it is officially reported that the Bitcoins held by BlackRock’s ETF are 500,380, with a value of over 48 billion dollars.
The ETF by BlackRock on Bitcoin
The BlackRock ETF on Bitcoin, created and managed by its affiliate iShares, landed on the markets on January 11, 2024, along with the other spot Bitcoin ETFs that landed for the first time on the US exchanges on that same date.
From the beginning, IBIT has recorded record numbers for several reasons.
The first reason is that one of the ETFs launched on January 11 was GBTC (Grayscale Bitcoin Trust), which already existed previously but not in the form of an ETF, and over the years it had accumulated too many BTC (more than 600,000).
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