Yesterday, BlackRock’s ETF on Bitcoin spot exceeded 200,000 BTC.
In fact, according to official data, the iShares Bitcoin Trust (IBIT) now holds more than 203,000 Bitcoins as collateral for its over 357 million shares issued on the market.
The success of BlackRock’s ETF on Bitcoin spot
The iShares Bitcoin Trust, with the ticker IBIT, is BlackRock’s spot Bitcoin ETF. In fact, iShares is the subsidiary of BlackRock that issues and manages ETFs.
It debuted on the markets (on the Nasdaq) on January 11th, and in exactly two months it has raised over 14.5 billion dollars in AUM.
Since it is a passive ETF on Bitcoin, all its shares are fully and exclusively collateralized in BTC, so its AUM is made up only of Bitcoin.
This is the second largest Bitcoin ETF in the world by AUM, after Grayscale’s (GBTC), but the largest by daily trading volumes.
The day of its stock market debut had already exceeded one billion dollars in trading volumes, but starting from February
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