bitcoin
Bitcoin (BTC) $ 96,248.79
ethereum
Ethereum (ETH) $ 3,274.15
tether
Tether (USDT) $ 0.998562
bnb
BNB (BNB) $ 612.20
usd-coin
USDC (USDC) $ 0.996392
xrp
XRP (XRP) $ 1.11
binance-usd
BUSD (BUSD) $ 0.989953
dogecoin
Dogecoin (DOGE) $ 0.381054
cardano
Cardano (ADA) $ 0.775939
solana
Solana (SOL) $ 244.74
matic-network
Polygon (MATIC) $ 0.443154
polkadot
Polkadot (DOT) $ 5.75
tron
TRON (TRX) $ 0.19763
bitcoin
Bitcoin (BTC) $ 96,248.79
ethereum
Ethereum (ETH) $ 3,274.15
tether
Tether (USDT) $ 0.998562
bnb
BNB (BNB) $ 612.20
usd-coin
USDC (USDC) $ 0.996392
xrp
XRP (XRP) $ 1.11
binance-usd
BUSD (BUSD) $ 0.989953
dogecoin
Dogecoin (DOGE) $ 0.381054
cardano
Cardano (ADA) $ 0.775939
solana
Solana (SOL) $ 244.74
matic-network
Polygon (MATIC) $ 0.443154
polkadot
Polkadot (DOT) $ 5.75
tron
TRON (TRX) $ 0.19763
More

    BlackRock’s Bitcoin ETF climbs to prime 1% in record-breaking 211 days

    Latest News

    BlackRock’s iShares Bitcoin Belief (IBIT) has surpassed each exchange-traded fund (ETF) launched up to now decade when it comes to complete property.

    On Nov. 13, Bloomberg’s ETF analyst Eric Balchunas reported that IBIT reached $40 billion in property— simply two weeks after hitting $30 billion. This achievement got here in a report 211 days, virtually 6x decrease than the earlier report of 1,253 days set by the iShares Core MSCI Rising Markets ETF (IEMG).

    BlackRock's IBIT
    BlackRock’s IBIT Belongings (Supply: X/Balchunas)

    At simply 10 months previous, IBIT has already grow to be one of many prime 1% of ETFs by property. It has surpassed the whole property of all 2,800 ETFs launched over the past ten years, a exceptional achievement contemplating most ETFs take years to build up substantial worth.

    In the meantime, IBIT additionally stands fourth amongst US ETFs for 2024 inflows, having attracted greater than $28 billion to date. It’s the solely crypto-related ETF within the prime 10.

    Top 10 US ETFs by Inflows
    Prime 10 US ETFs by Inflows (Supply: X/Balchunas)

    These spectacular numbers spotlight the rising demand for Bitcoin publicity in mainstream funding portfolios. Its success additionally suggests sturdy momentum behind digital asset ETFs, which can grow to be an enduring fixture in conventional finance.

    The put up BlackRock’s Bitcoin ETF climbs to prime 1% in record-breaking 211 days appeared first on StarCrypto.

    See also  Institutional demand and rising ETP flows sign Bitcoin breakout – VanEck

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Hot Topics

    Related Articles