BlackRock’s IBIT spot bitcoin ETF crosses $10 billion in AUM | Headlines | News | CoinMarketCap

03/01/2024 18:39
BlackRock’s IBIT spot bitcoin ETF crosses $10 billion in AUM | Headlines | News | CoinMarketCap

In just seven weeks, BlackRock’s IBIT spot bitcoin exchange-traded fund reached $10 billion in assets under management on Thursday after securing its …

In just seven weeks, BlackRock’s IBIT spot bitcoin exchange-traded fund reached $10 billion in assets under management on Thursday after securing its second-largest daily inflows since launching on Jan. 11.

In bitcoin terms, BlackRock’s IBIT fund has reached more than 162,000 BTC ($10 billion) under management, while Fidelity’s FBTC has surpassed 105,000 BTC ($6.3 billion) in assets.

“For context, only about 150 out of 3,400 ETFs have more than $10 billion in AUM,” The ETF Store President Nate Geraci said. “The vast majority of those launched 10+ years ago.”

Ark Invest 21 Shares’ ARKB is in third with over 34,000 BTC ($2.1 billion), with the newborn nine spot bitcoin ETFs — excluding Grayscale’s converted GBTC fund — now exceeding 344,000 BTC in assets ($21 billion).

Meanwhile, …

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