BlackRock's Ishares Bitcoin Trust (IBIT) is literally remaking ETF history (and no, that's not an exaggeration)! đ
đȘ $52.4 billion in bitcoin as of December 30, which is equivalent to a whopping 552,554 BTC. Can you imagine that? That's practically the GDP of some countries... only in digital currency.
â© This fund became the fastest ETF (Index Investment Fund) to reach major milestones. For those who don't know, an ETF is a kind of basket of investments that you can buy that tracks the performance of something specific, in this case, Bitcoin.
đ Since January 2024, they have already recorded $37.31 billion in positive net inflows. In other words, a lot of people put money in there, more than they took out. It's like that new restaurant in town that everyone wants to try.
It seems that Bitcoin is increasingly leaving the "tech nerd club" and becoming the talk of the town for suit-and-tie investors. But the question that remains is: is this good for Bitcoin or will it end up changing the game? What do you think?
