cryptojournalist
BlackRock’s Bitcoin ETF now holds over 500,000 BTC, valued at $48 billion. This makes the iShares Bitcoin Trust (IBIT) the leading spot Bitcoin ETF, representing 2.38% of Bitcoin’s total supply.
Simplified Bitcoin Investing
The IBIT ETF provides investors with easy access to Bitcoin, eliminating the need to handle operational, tax, or custody issues typically involved in owning Bitcoin directly.
Spot ETFs on the Rise
Spot Bitcoin ETFs are seeing strong inflows, with most, except Grayscale’s, reporting growth. Combined, these ETFs are close to holding the same amount of Bitcoin as Satoshi Nakamoto, Bitcoin’s anonymous creator.
BlackRock Surpasses MicroStrategy
BlackRock’s ETF has overtaken MicroStrategy in Bitcoin holdings. MicroStrategy added 15,400 BTC recently, bringing its total to 402,100 BTC. MARA Holdings also increased its reserves to 34,794 BTC after buying 6,484 BTC in recent months.
GIPHY App Key not set. Please check settings