BlackRock’s spot bitcoin ETF surpasses 300,000 BTC in assets under management
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BlackRock’s IBIT spot Bitcoin exchange-traded fund crossed 300,000 BTC ($21 billion) in assets under management on Thursday, five months after trading began on Jan. 11.
BlackRock’s Bitcoin ETF has now accumulated 302,534 BTC, according to its fund page, with around 4,920 BTC in net inflows yesterday taking it over the milestone.
IBIT overtook Grayscale’s GBTC in terms of AUM last week, catching the product that had a head start over the other spot Bitcoin ETFs in assets. GBTC originally operated as a private placement fund before transitioning to public trading on the OTC market in 2015 and its ultimate conversion to an ETF in January.
