The gains of Bitcoin exchange-traded funds totaling $532.93 million are led by BlackRock's IBTC

The iShares Bitcoin Trust (IBIT), which is BlackRock's spot Bitcoin exchange-traded fund (ETF), has seen a significant influx of $515.84 million during the course of today. In general. A total of 8,021 Bitcoins with a value of $532.93 million have been added to nine Bitcoin exchange-traded funds.

ETFs that invest in spot Bitcoin continue their rising trajectory.

A story of faith in decentralized finance may be told by the resiliency that has been seen in the cryptocurrency community over the course of the last month. Spot Bitcoin exchange-traded funds (ETFs) started online in January 2024, and within that time period, they have endured the BTC sell-offs that were implemented by the German government. At this period, Bitcoin exchange-traded funds (ETFs) saw poor inflows as a result of false information and market instability.

In the midst of client Bitcoin payments made by the collapsed Japanese cryptocurrency exchange Mt. Gox, Bitcoin exchange-traded funds (ETFs) have been on a roll. Lookonchain's on-chain data indicates that nine spot Bitcoin exchange-traded funds (ETFs) have added a total of $532.93 million in Bitcoin.


The value of Bitcoin (BTC) has decreased by 1.2% during the last twenty-four hours, as reported by CoinGecko, from $66,211 to $66,211. As of right now, the total value of the cryptocurrency market is $2.55 trillion, with Bitcoin accounting for $1.32 trillion, or a market domination of 51.82%.

Taking into account the most recent information, BlackRock has acquired 7,764 Bitcoins with a value of $515.84 million, raising its total holdings to 334,943 BTC, which is equivalent to $22.25 billion. Grayscale, on the other hand, increased its total holdings to 272,062 Bitcoins worth $18.08 billion by adding 268 Bitcoins with a value of $17.8 million.

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