BlackRock Spot Bitcoin ETF Hits $50B AUM, Holds Over 500K BTC

Quick Summary:

Despite having only been available for trading for a little over a year, the BlackRock Bitcoin ETF (IBIT) has already amassed assets under management of about $50 billion.

That puts IBIT in the conversation for best ETF launch of 2024.

Even more impressive is the fact that IBIT owns more than 500,000 Bitcoins in its vault, surpassing MicroStrategy’s 402,100 Bitcoins.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Mohamed Faisal

Category: Crypto

Markets: United Arab EmiratesAustralia

Topics: Bitcoin Bitcoin News BTC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 15:09:20 (19 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 291 words

Reading Time: 2 minutes read

Sentences: 22 lines

Sentence Length: 14 words per sentence (average)

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

Copyright Owner: © TheNewsCrypto

News ID: 24124865

View Article Analysis

About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 31 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 14 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

Publisher Details

Frequently Asked Questions