Bitcoin ETF

Bitcoin

Spot

<p>BlackRock’s Bitcoin Spot ETF is increasingly making its mark in the financial markets. This is evidenced by the sustained interest it has garnered of late. The enthusiasm is such that Larry Fink, the leader of this global financial heavyweight, is somewhat surprised.</p>
<h2 id="h-blackrock-s-bitcoin-etf-exceeds-expectations">BlackRock’s Bitcoin ETF Exceeds Expectations</h2>
<p><a href="https://www.cointribune.com/en/bitcoin-spot-etf-blackrock-files-purchase-request-with-sec/" target="_blank" rel="noopener noreferrer nofollow">BlackRock</a>, the world’s largest asset manager, is witnessing a significant increase in bitcoins from the Ishares Bitcoin Trust (IBIT), its Bitcoin Spot ETF. This is what recent data suggest.</p>
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<p>According to this data, the bitcoins involving the IBIT are now in the order of 252,011 BTC. In numeric terms, BlackRock’s ETF holdings are approximately worth 18 billion dollars. The breakthrough is quite remarkable.</p>
<p>But <a href="https://news.bitcoin.com/blackrock-spot-bitcoin-etfs-holdings-soar-past-252k-btc-ceo-says-hes-pleasantly-surprised-by-retail-demand/" target="_blank" rel="noopener noreferrer nofollow">this surge</a> is surprising, especially since it has exceeded initial expectations, including those of Larry Fink, the CEO of BlackRock. He did not fail to express his amazement at what he sees as the fastest growth in the history of finance.</p>
<p><em>“I am pleasantly surprised and would never have predicted that we would see this kind of retail demand,”</em> said Larry Fink, who, as one would expect, does not hide his satisfaction.</p>
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     <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Blackrock?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Blackrock</a> Spot <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> ETF's Holdings Soar Past 252K BTC — CEO Says He's 'Pleasantly Surprised' by Retail Demand<br>Follow me <a href="https://twitter.com/thienchien007?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@thienchien007</a> for more success into 2024.<a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Solana</a> <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4f7.png" alt="📷" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Blockchain</a> <a href="https://twitter.com/hashtag/GameFi?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#GameFi</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETH</a> <a href="https://twitter.com/hashtag/SOL?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SOL</a> <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> <a href="https://twitter.com/hashtag/USDC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#USDC</a> <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a> <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#crypto</a><a href="https://twitter.com/hashtag/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#cryptocurrency</a><a href="https://twitter.com/hashtag/Cryptonews?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cryptonews</a> <a href="https://t.co/9vZ2rzXBuI" rel="noopener noreferrer nofollow">pic.twitter.com/9vZ2rzXBuI</a></p>— Cryptocurrency investment (@thienchien007) <a href="https://twitter.com/thienchien007/status/1774266593478140218?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 31, 2024</a>
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 <figcaption class="wp-element-caption"><em>BlackRock’s Bitcoin ETF astonishes with its value</em>
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<h2 id="h-the-sec-has-been-good-to-blackrock">The SEC Has Been Good to BlackRock!</h2>
<p>On January 10, 2024, the Securities and Exchange Commission (SEC) authorized 11 Bitcoin Spot ETFs, including IBIT, to be traded. It is clear to say that this decision has been beneficial to BlackRock.</p>
<p>Since its launch, the ETF has been stringing together successes. Throughout this March, IBIT has drawn attention from the community with its performances that overshadow the competition. Its record acquisition of 12,623 bitcoins in a single day is proof of that.</p>
<p>Let us not forget that BlackRock’s Bitcoin Spot ETF boasts nearly 13.5 billion dollars of assets under management. A level reached in just 11 weeks. That is exceptional!</p>
<p>It remains to be seen whether BlackRock’s Ethereum Spot ETF will enjoy similar success. For now, nothing is certain. The SEC is vacillating on this issue leaving the crypto and broader financial community in speculation.</p>

Bitcoin: BlackRock’s ETF Exceeds Expectations with $18 Billion in Assets

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