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BlackRock’s U.S. Spot Bitcoin ETF Hits Record $30B AUM in 293 Days

BitcoinWorld LogoBitcoinWorld1d ago

BlackRock’s U.S. Spot Bitcoin ETF Hits Record $30B AUM in 293 Days - BitcoinWorld

Quick Summary:

Spot Bitcoin ETF Hits Record $30B AUM in 293 Days In a historic achievement for exchange-traded funds (ETFs), BlackRock’s U.S.spot Bitcoin ETF (ticker: IBIT) has surpassed $30 billion in assets under management (AUM) in just 293 days, setting a new record for ETF growth.

Institutions prefer ETFs like IBIT for their compliance with regulatory standards, providing a secure and transparent way to invest in Bitcoin without directly holding the cryptocurrency.

Gold has long been considered a safe-haven asset, but the accelerated growth of IBIT underscores the increasing prominence of Bitcoin as a comparable digital store of value.


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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 13:37:51 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 998 words

Reading Time: 6 minutes read

Sentences: 51 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 23339081

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About BitcoinWorld

BitcoinWorld Logo

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 21 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #121

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The story "BlackRock’s U.S. Spot Bitcoin ETF Hits Record $30B AUM in 293 Days" was covered 1 days ago by BitcoinWorld, a news publisher based in India.

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  • URL: https://beamstart.com/news/blackrocks-us-spot-bitcoin-etf-17302958753402

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