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BlackRock's $20 Billion IBIT Fund Is World's Biggest Bitcoin (BTC) ETF BlackRock's $20 Billion IBIT Fund Is World's Biggest Bitcoin (BTC) ETF

BlackRock’s $20 Billion IBIT Fund Is World’s Biggest Bitcoin (BTC) ETF

May 29, 2024

BlackRock Inc.’s iShares Bitcoin Trust has become the world’s largest fund for the original cryptocurrency, amassing almost $20 billion in total assets since listing in the US at the start of the year.

The exchange-traded fund held $19.68 billion of the token Tuesday, dethroning the $19.65 billion Grayscale Bitcoin Trust, data compiled by Bloomberg show. The third largest is the $11.1 billion offering from Fidelity Investments.

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Katie Greifeld

https://www.bloomberg.com/news/articles/2024-05-29/blackrock-s-ibit-now-world-s-largest-bitcoin-btc-etf-as-gbtc-shrinks

2024-05-29 07:00:00

byKatie Greifeld
Updated

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