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BlackRock Bitcoin ETF Continues Rise, Crossing $15 Billion in Total Gains
BlackRock's iShares Bitcoin Trust (IBIT) has been a massive success, having now taken in more than $15 billion worth of investment since its launch on January 11. The spot Bitcoin exchange-traded fund (ETF), which received the green light from the Securities and Exchange Commission along with 10 other Bitcoin funds, has received more inflows than other similar products on the market, data from Farside Investors shows. And IBIT now has $18.7 billion in assets under management—having fast caught up with Grayscale's Bitcoin Trust (GBTC), which has $22.2 billion. BlackRock is the world's biggest asset manager and sent ... (full story)