Bitcoin has reached a new all time high (ATH) of $112,000, following a steady climb that began on June 22, when Bitcoin was trading near $98,000. 

Coinciding with BTC’s ATH, BlackRock’s iShares Bitcoin Trust today also closed at a new ATH of $63.58. IBIT now holds more than 700,000 BTC, roughly over 3.33% of the total bitcoin supply. According to Bloomberg, IBIT generates more annual fee revenue than BlackRock’s S&P 500 ETF (IVV). Despite being just 18 months old, the $75 billion ETF earns an estimated $187.2 million annually, surpassing the $187.1 million earned by IVV.

In 2021, El Salvador became the first nation to invest in Bitcoin, and now holds over 6,232…

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