Investor Confidence Soars as Spot Bitcoin ETF Gains Momentum
BlackRock’s spot Bitcoin exchange-traded fund (ETF), known as iShares Bitcoin Trust (IBIT), has reached a major milestone by exceeding 100,000 BTC under management.
This achievement highlights the ongoing accumulation of spot Bitcoin ETF shares by investors, with daily inflows hitting a new record of $631.3 million. Official data from BlackRock indicates that IBIT now holds 105,280 BTC as of February 13.
Remarkably, IBIT has become the first spot Bitcoin ETF in the United States to achieve this milestone within just 22 days of trading, surpassing its counterparts.
This news underscores BlackRock’s aggressive BTC buying strategy since the launch of its spot Bitcoin ETF on January 11, 2024, alongside 10 other issuers.
Read More… [Source: Cointelegraph.com]
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