BlackRock Bitcoin ETF IBIT Crosses Record $18.5 Billion AUM In Just Six Months

Quick Summary:

Leading the show has been BlackRock Bitcoin ETF IBIT which has now crossed over $18.5 billion in total assets under management since its inception in January.

Spectacular inflows into the spot Bitcoin ETF markets have continued for the eighth consecutive day with a total of $429 million flowing in on Tuesday, July 16.

As a result, the total Bitcoin ETF AUM across all products hit a record high of $16 billion.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaAustraliaHong Kong

Topics: Bitcoin ETF inflows Bitcoin News 24/7 Cryptocurrency News Fidelity Bitcoin ETF Bitcoin Price Surge IBIT Blackrock Bitcoin ETF FBTC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 03:21:02 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 431 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21660177

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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