#BlackRock's spot #bitcoinETF first to hit $1 bln in assets.

BlackRock's spot bitcoin exchange-traded fund (ETF) hit $1 billion in assets in the first four days of trading, the first to clinch the milestone among a batch of newly launched ETFs tracking spot bitcoin prices, J.P.Morgan data showed.

The U.S. Securities and Exchange Commission (SEC) approved nearly a dozen ETFs tracking the world's largest cryptocurrency last week, after years of regulatory pushback.

The nine newly launched ETFs have drawn $2.90 billion in investment flows in the first four days of trading.

Grayscale Bitcoin Trust , which was converted from a closed-end fund to an ETF, charges the steepest fee compared to the newly launched ETFs and has witnessed $1.62 billion in outflows in the first four days.

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