The world's largest asset manager, BlackRock, has seen its Bitcoin ETF IBIT grow by 38% in size over the past seven days. IBIT is considered the fastest-growing ETF in history and holds a leading position in the Bitcoin ETF market. (Background: 13F institutional report) A total of 206 companies currently hold Bitcoin spot ETFs, and another US company announced a significant investment in BTC, resulting in a surge in its stock price. (Background: Trump's power) The daily trading volume of the Bitcoin spot ETF has surpassed a new high of $6 billion, and the cryptocurrency market cap has skyrocketed by $200 billion. According to Fox Business reports, data from the Dow Jones Market Data Group shows that as of last Thursday morning, the world's largest Bitcoin spot ETF—BlackRock's IBIT—has reached an asset size of over $42 billion and is recognized as the fastest-growing ETF ever. The price of IBIT (stock code: IBIT) has also risen to an all-time high. Investors prefer the convenience of ETFs. A spokesperson for BlackRock stated: "Since its launch, the inflow of funds into IBIT has highlighted investors' tendency to invest in Bitcoin through the convenience and quality of ETFs. The market's anticipation of proactive regulatory actions for Bitcoin and cryptocurrencies has rekindled optimism. We remain focused on educating investors and providing convenient and transparent investment channels for Bitcoin." According to the company, since the election, IBIT has attracted over $3 billion in assets. With Trump potentially returning to the White House, a government more supportive of cryptocurrencies is expected. Liquidity is favored. Bloomberg senior ETF analyst Eric Balchunas pointed out: "In addition to continued increases in fund inflows, IBIT's trading volume has also reached an all-time high. For investors who need to move in and out of the market quickly, this is undoubtedly an important signal of ample liquidity." I thought things were cooling off, but no, $IBIT just saw $5b in volume today for the first time ever. Only 3 ETFs and 8 stocks saw more action today. Up to $13b in 3 days this week. Its peers are seeing heightened volume too but on a smaller scale. $FBTC did $1b, the biggest day since March. pic.twitter.com/9SQP5oPsMM — Eric Balchunas (@EricBalchunas) November 13, 2024 IBIT maintains a leading market position. According to SoSoValue data, IBIT's daily net inflow exceeds $200 million, with a cumulative net inflow approaching $30 billion and a net asset value of up to $44.2 billion, making its size more than double that of Grayscale. With continuous inflows, IBIT holds an overwhelming advantage in maintaining its leadership position in the Bitcoin ETF market. SoSoValue related reports 13F institutional report) 206 companies currently hold Bitcoin spot ETFs, and another US company announced a significant investment in BTC, resulting in a surge in its stock price. Bitcoin's market cap has surpassed silver, becoming the "eighth largest asset in the world". Analysts predict that by January next year, the BTC spot ETF is expected to surpass the gold ETF. Trump's power) The daily trading volume of the Bitcoin spot ETF has surpassed a new high of $6 billion, and the cryptocurrency market cap has skyrocketed by $200 billion. "BlackRock's Bitcoin fund IBIT becomes the fastest-growing ETF in history! Its size has exceeded $42 billion." This article was first published on BlockTempo, the most influential blockchain news media.

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