Future

Bitcoin

Spot

Billion

BlackRock

<ul class="news-points">
 <li><strong>IBIT and FBTC have amassed 489,209 BTC worth almost $28.4 billion.</strong></li>
 <li><strong>Bitcoin has slumped more than 13% in the past 30 days.</strong></li>
 <li><strong>The German government has run out of Bitcoin to sell.</strong></li>
</ul>
<p>Spot Bitcoin Exchange-Traded Funds (ETFs) from BlackRock and Fidelity, two giants in the asset management world, have accumulated a striking $28 billion in Bitcoin, even as the cryptocurrency’s price has dipped recently. This massive inflow of institutional investment highlights the growing interest in Bitcoin despite its recent volatility.</p>
<p>According to <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="noopener noreferrer nofollow">data from SoSoValue</a>, BlackRock’s iShares Bitcoin Trust (IBIT) has seen total net inflows of $18.26 billion since its January launch, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) has attracted $9.72 billion. The net assets of these products currently stand at $18.32 billion and $10.24 billion, respectively. Together, the two firms have accumulated 489,209 BTC, valued at nearly $28.4 billion at current prices.</p>
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   <p lang="en" dir="ltr">JUST IN:<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> BlackRock and Fidelity have increased their Spot <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a>&nbsp;ETF holdings to a combined total of:<br><br>489,209 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> worth $28 Billion <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/SCvdNWX4yS" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/SCvdNWX4yS</a></p>— Simply Bitcoin (@SimplyBitcoinTV) <a href="https://twitter.com/SimplyBitcoinTV/status/1811862715528540253?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 12, 2024</a>
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<p>In co…</p>
<p>The post <a href="https://coinedition.com/bitcoin-etfs-blackrock-and-fidelitys-28-billion-bet-on-the-future/" rel="noopener noreferrer nofollow">Bitcoin ETFs: BlackRock and Fidelity’s $28 Billion Bet on the Future</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin ETFs: BlackRock and Fidelity’s $28 Billion Bet on the Future

Coin Edition

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