Future

Bitcoin

Spot

Billion

BlackRock

<ul class="news-points">
 <li><strong>IBIT and FBTC have amassed 489,209 BTC worth almost $28.4 billion.</strong></li>
 <li><strong>Bitcoin has slumped more than 13% in the past 30 days.</strong></li>
 <li><strong>The German government has run out of Bitcoin to sell.</strong></li>
</ul>
<p>Spot Bitcoin Exchange-Traded Funds (ETFs) from BlackRock and Fidelity, two giants in the asset management world, have accumulated a striking $28 billion in Bitcoin, even as the cryptocurrency’s price has dipped recently. This massive inflow of institutional investment highlights the growing interest in Bitcoin despite its recent volatility.</p>
<p>According to <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="noopener noreferrer nofollow">data from SoSoValue</a>, BlackRock’s iShares Bitcoin Trust (IBIT) has seen total net inflows of $18.26 billion since its January launch, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) has attracted $9.72 billion. The net assets of these products currently stand at $18.32 billion and $10.24 billion, respectively. Together, the two firms have accumulated 489,209 BTC, valued at nearly $28.4 billion at current prices.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">JUST IN:<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> BlackRock and Fidelity have increased their Spot <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a>&nbsp;ETF holdings to a combined total of:<br><br>489,209 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> worth $28 Billion <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/SCvdNWX4yS" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/SCvdNWX4yS</a></p>— Simply Bitcoin (@SimplyBitcoinTV) <a href="https://twitter.com/SimplyBitcoinTV/status/1811862715528540253?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 12, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>In co…</p>
<p>The post <a href="https://coinedition.com/bitcoin-etfs-blackrock-and-fidelitys-28-billion-bet-on-the-future/" rel="noopener noreferrer nofollow">Bitcoin ETFs: BlackRock and Fidelity’s $28 Billion Bet on the Future</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin ETFs: BlackRock and Fidelity’s $28 Billion Bet on the Future

Coin Edition

Các bài viết khác được xuất bản trên 13 thg 7, 2024

ETH Exchange Outflows Spike: Ethereum Heading For $3500?

Crypto Crisis: Squarespace Breach Threatens 120+ DeFi Projects

Court Declares XRP Not a Security

Guide on How to Turn $500 into a Million With Crypto and Buy a Sports Car

Top Crypto Gainers Today Jul 13 – Immutable X, Flux, Astar Network, Akash Network

Top Crypto Staking Platforms for 2024

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!