BlackRock Spot Bitcoin ETF Leads The Way Among 65 New ETFs Launched In January
Key Points:
- BlackRock spot Bitcoin ETF leads January’s new ETFs, amassing $6 billion in assets and 110,000 bitcoins within a month.
- IBIT’s holdings surged by 3,700%, from 2,621 BTC to 105,280 BTC, since its January 11 launch.
BlackRock spot Bitcoin ETF (IBIT) has emerged as a frontrunner among the 65 new ETFs introduced in January, according to Eric Balchunas, a senior ETF analyst at Bloomberg.
Read more: Bitcoin Spot ETF and Futures ETF: Differences To Make The Right Investment Choice
BlackRock Spot Bitcoin ETF Dominates New ETF Market with $6 Billion in Assets
Since its inception a month ago, BlackRock spot Bitcoin ETF has gathered a staggering 110,000 bitcoins, making it the leading spot bitcoin exchange-traded fund in terms of total asset under management, which has exceeded $6 billion.
Launched on January 11, 2024, BlackRock spot Bitcoin ETF has exhibited aggressive purchasing behavior, with its holdings ballooning by an extraordinary 3,700%, surging from 2,621 BTC to an impressive 105,280 BTC within just one month. IBIT is part of a select group of nine spot Bitcoin ETFs actively expanding their portfolios, reflecting the growing interest in Bitcoin as an investment avenue.
Bitcoin Hits Record $52,000 as Spot Bitcoin ETF Market Surges
Bitcoin’s price has surged to a record high of $52,000, signaling renewed investor confidence and market enthusiasm. On February 16, Bitcoin achieved a significant milestone by surpassing a trillion-dollar valuation, reasserting its status as a trillion-dollar trading asset, a position it hadn’t held since its peak during the major bull run.
The spot Bitcoin ETF market has experienced unprecedented growth, with total net flows exceeding $4.69 billion. This substantial increase in investment activity comes just over a month after the inception of the spot Bitcoin ETF market, underscoring robust and consistent investor interest in cryptocurrency.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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BlackRock Spot Bitcoin ETF Leads The Way Among 65 New ETFs Launched In January
Key Points:
- BlackRock spot Bitcoin ETF leads January’s new ETFs, amassing $6 billion in assets and 110,000 bitcoins within a month.
- IBIT’s holdings surged by 3,700%, from 2,621 BTC to 105,280 BTC, since its January 11 launch.
BlackRock spot Bitcoin ETF (IBIT) has emerged as a frontrunner among the 65 new ETFs introduced in January, according to Eric Balchunas, a senior ETF analyst at Bloomberg.
Read more: Bitcoin Spot ETF and Futures ETF: Differences To Make The Right Investment Choice
BlackRock Spot Bitcoin ETF Dominates New ETF Market with $6 Billion in Assets
Since its inception a month ago, BlackRock spot Bitcoin ETF has gathered a staggering 110,000 bitcoins, making it the leading spot bitcoin exchange-traded fund in terms of total asset under management, which has exceeded $6 billion.
Launched on January 11, 2024, BlackRock spot Bitcoin ETF has exhibited aggressive purchasing behavior, with its holdings ballooning by an extraordinary 3,700%, surging from 2,621 BTC to an impressive 105,280 BTC within just one month. IBIT is part of a select group of nine spot Bitcoin ETFs actively expanding their portfolios, reflecting the growing interest in Bitcoin as an investment avenue.
Bitcoin Hits Record $52,000 as Spot Bitcoin ETF Market Surges
Bitcoin’s price has surged to a record high of $52,000, signaling renewed investor confidence and market enthusiasm. On February 16, Bitcoin achieved a significant milestone by surpassing a trillion-dollar valuation, reasserting its status as a trillion-dollar trading asset, a position it hadn’t held since its peak during the major bull run.
The spot Bitcoin ETF market has experienced unprecedented growth, with total net flows exceeding $4.69 billion. This substantial increase in investment activity comes just over a month after the inception of the spot Bitcoin ETF market, underscoring robust and consistent investor interest in cryptocurrency.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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