Bitcoin ETF

Bitcoin

BlackRock

<h2 id="key-points">Key Points</h2>
<ul>
 <li>BlackRock’s Bitcoin ETF surpasses 250,000 BTC in assets under management in just 11 weeks.</li>
 <li>Fidelity’s Bitcoin ETF crosses the $10 billion threshold.</li>
</ul>
<p>BlackRock’s IBIT Bitcoin ETF has reached a milestone, with assets under management exceeding 250,000 <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a>. This achievement comes just 11 weeks after the fund started trading on January 11.</p>
<h2 id="fastest-growing-etf">Fastest-growing ETF</h2>
<p>BlackRock CEO Larry Fink, in a recent interview, described IBIT as the fastest-growing ETF in history. He also expressed his surprise at the rapid rise of Bitcoin’s value.</p>
<p>In another significant development, Fidelity’s FBTC has crossed the $10 billion assets under management mark. This makes it the second Bitcoin ETF to achieve this milestone after BlackRock’s IBIT, which reached the $10 billion mark on March 1.</p>
<h2 id="spot-bitcoin-etf-inflow-continues">Spot Bitcoin ETF Inflow Continues</h2>
<p>Net inflows into spot Bitcoin ETFs continued to rebound, adding $243.4 million after witnessing net outflows of around $890 million last week. BlackRock’s IBIT led the inflows, registering $323.8 million.</p>
<p>Meanwhile, Ark Invest 21Shares’ ARKB saw its biggest daily inflows to date, adding $200.7 million. On the other hand, Grayscale’s higher-fee GBTC fund continued its substantial outflow streak, shedding a further $299.8 million.</p>
<p>The remaining spot Bitcoin ETFs generated inflows of less than $6 million each. The total net inflows now stand at $11.9 billion.</p>
<p>Trading volume for the U.S. spot Bitcoin ETFs remained robust, generating $3.82 billion in trading. BlackRock’s IBIT led the trading with $1.82 billion.</p>
<p>The cumulative trading volume for all spot Bitcoin ETFs is now at $178 billion. Bitcoin is currently trading at $70,554, up 1% over the last 24 hours and 5% over the past week.</p>

BlackRock and Fidelity’s Bitcoin ETFs Score Big with 250k BTC and $10 Billion Assets

Table of Contents

crypto.ro global

Other articles published on Mar 28, 2024

Bitbot’s presale officially surpasses $1.5m as stage 7 nears completion

🗒 Daily Newsletter | Thursday, March 28, 2024

Investors Rejoice as BEFE Coin Gains 45% in Just One Week

Catcoin Price Prediction: As CAT Top Trends On X with 30K Posts, Traders Migrate To This Meme Coi...

Crypto News: Market Soars Ahead of Crucial U.S. Data Release

Nansen: While Bitcoin Continues Its Volatile Movements, Whales Bought These Altcoins The Most!

Join our free newsletter for daily crypto updates!