BULLINESS OF INVESTORS IN THE BITCOIN-ETF MARKET
💥In early January, the investment company BlackRock launched a spot cryptocurrency fund Bitcoin ETF (exchange-traded fund), which received the ticker IBIT on the American stock market.
💥The fund became the most popular and was able to accumulate the largest amount of BTC. BlackRock CEO Larry Fink said he was pleasantly surprised by the high interest from institutional investors in the Bitcoin ETF market.
💥Fink emphasized that the cryptocurrency industry continues to develop, and the liquidity of digital assets is improving. As a result, the IBIT fund reached $13.86 billion, with 245,951 bitcoins on its balance sheet, which is more than 1.17% of the total cryptocurrency supply.
💥In parallel, BlackRock filed an application to issue a spot Ethereum ETF. Larry Fink expressed confidence that the product will be approved by the regulator, even if ETH is recognized as a security.
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