The post BlackRock’s ETF Continues Breaking Records With Over 200,000 BTC appeared first on Coinpedia Fintech News
In a significant turn of events, BlackRock’s IBIT ETF crossed the 200,000 BTC mark, hitting a milestone in just 2 months of introduction. IBIT has rapidly dominated the ETF space, with more than $14.5 billion in assets under management (AUM). Just yesterday, BlackRock’s IBIT set a new record and nearly hit $4 billion daily trading volume. While GBTC has long been the dominant force among Bitcoin funds, IBIT is just behind with over 200,000 BTC, it has strategically challenging GBTC. Despite GBTC’s impressive BTC holdings, capital may shift from GBTC to newer, more efficient ETFs like IBIT.
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