Bitcoin ETF

Bitcoin

Billion

<div class="intro-text"> 
 BlackRock’s iShares Bitcoin ETF portfolio now comprises 99% of Bitcoin and about $1 billion in assets under management (AUM). This accomplishment marks BlackRock as the first among the new Bitcoin ETF issuers to reach such a substantial holding. 
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According to<a style="color: #0000ff;" href="https://www.ishares.com/us/products/333011/ishares-bitcoin-trust"> a trading report published today, Thursday, January 18</a>, IBIT’s holding comprises 99% of Bitcoin tokens and almost $60,000 worth of fiat currencies. The ETF now holds about 25,067 coins, as per the update. 
<figure id="attachment_12360" aria-describedby="caption-attachment-12360" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="size-full wp-image-12360" src="https://defi-planet.com/wp-content/uploads/2024/01/Blackrock-1.png" alt="BlackRock’s iShares Bitcoin Trust Holdings as of January 17, " width="1143" height="460" srcset="https://defi-planet.com/wp-content/uploads/2024/01/Blackrock-1.png 1143w, https://defi-planet.com/wp-content/uploads/2024/01/Blackrock-1-300x121.png 300w, https://defi-planet.com/wp-content/uploads/2024/01/Blackrock-1-1024x412.png 1024w, https://defi-planet.com/wp-content/uploads/2024/01/Blackrock-1-768x309.png 768w, https://defi-planet.com/wp-content/uploads/2024/01/Blackrock-1-600x241.png 600w, https://defi-planet.com/wp-content/uploads/2024/01/Blackrock-1-1140x459.png 1140w, https://defi-planet.com/wp-content/uploads/2024/01/Blackrock-1-750x302.png 750w" sizes="(max-width: 1143px) 100vw, 1143px">
 <figcaption id="caption-attachment-12360" class="wp-caption-text">
 BlackRock’s iShares Bitcoin Trust Holdings as of January 17, 2024. Source: <a href="https://www.ishares.com/us/products/333011/ishares-bitcoin-trust">BlackRock Website</a>
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Robert Mitchnick, BlackRock’s Head of Digital Assets, expressed enthusiasm about this achievement, emphasizing that it signifies just “the beginning.” He affirmed BlackRock’s long-term commitment to providing investors access to a high-quality iShares exchange-traded fund. 
The asset management giant <a style="color: #0000ff;" href="https://www.blackrock.com/us/financial-professionals/investment-strategies/bitcoin-investing">launched</a> its spot Bitcoin ETF for public trading on January 12, 2024, <a href="https://defi-planet.com/2024/01/u-s-sec-greenlights-spot-bitcoin-etps-after-11-years-and-20-rejections/">following the US Securities and Exchange Commission’s approval of their application two days earlier</a>, like most other ETF issuers. Since then, it has ranked in the top spot for the largest Bitcoin ETF issuer globally.&nbsp; 
Meanwhile, Bloomberg Intelligence Analyst Eric Balchunas, in <a style="color: #0000ff;" href="https://x.com/ericbalchunas/status/1747956852619366616?s=52">a post on X</a>, reported that the top nine of the ten approved spot Bitcoin ETFs have managed an inflow of over $3 billion and traded over $5.4 Billion in their first four days, with BlackRock’s ETF ($IBIT) taking the most of these net asset flow. 
In an interview with <a href="https://www.bloomberg.com/news/videos/2024-01-17/ibit-inflows-coming-from-different-directions-aguirre-video">Bloomberg TV,</a> Rachel Aguirre, BlackRock’s head of ETF products, explained that the high trading activity observed with its company’s ETF is “coming in from multiple directions.” She said this while responding to a question about whether IBIT inflows emerged from the <a style="color: #0000ff;" href="https://defi-planet.com/2024/01/grayscales-gbtc-records-1-1-billion-exodus-following-discount-drop/">massive outflows observed with Grayscale’s GBTC</a>. Aguirre added that the inflows are coming in from retail transactions, self-directed transactions, and investors who were ready to invest from the inception of the ETF.&nbsp; 
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BlackRock’s iShares Bitcoin ETF Becomes First to Reach 99% Bitcoin Holding and $1 Billion AUM

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