Bitcoin ETF

Bitcoin

Spot

BlackRock’s IBIT Spot Bitcoin Exchange-Traded Fund (ETF) has reached a major milestone by surpassing 500,000 BTC (approximately $48 billion) in assets under management (AUM).
<h2 id="blackrock-s-spot-bitcoin-etf-surpasses-500-000-btc-in-aum">BlackRock's Spot Bitcoin ETF Surpasses 500,000 BTC in AUM</h2>
This achievement comes less than a year after its debut on January 11, making it one of the fastest-growing ETFs in history.
According to the fund’s latest disclosures, IBIT held 496,854 BTC as of Nov. 29. According to K33 data, single-day net inflows of $338.3 million (about 3,526 BTC) on Monday brought its total assets to 500,380 BTC.
“This is unprecedented growth,” said Vetle Lunde, Head of Research at K33. “BlackRock’s IBIT has accumulated more than 500,000 BTC in just 233 trading days.”
Ian Unsworth, co-founder of Kairos Research, highlighted that IBIT’s holdings currently represent 2.38% of Bitcoin’s total supply, underlining its importance in the market.
BlackRock CEO Larry Fink previously described IBIT as “the fastest-growing ETF in the history of ETFs” during an interview in March, when the fund surpassed 250,000 BTC. Since then, Bitcoin’s price has increased by 38% and is currently trading around $95,000.
US Bitcoin ETFs Are Closing in on Satoshi's Assets
U.S. spot Bitcoin ETFs collectively attracted net inflows of $353.6 million on Monday, adding to a record $6.6 billion in inflows through November.
These ETFs currently hold around 1.08 million BTC, approaching the estimated 1.1 million BTC attributed to Bitcoin’s pseudonymous creator, Satoshi Nakamoto.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/blackrocks-spot-bitcoin-etf-hits-record-level-heres-how-many-btcs-are-under-management-by-the-company/" rel="noopener noreferrer nofollow">Blackrock's Spot Bitcoin ETF Hits Record Level! Here's How Many BTCs Are Under Management by the Company!</a>

Blackrock's Spot Bitcoin ETF Hits Record Level! Here's How Many BTCs Are Under Management by the Company!

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