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BlackRock’s IBIT, a spot bitcoin exchange-traded fund (ETF), has swiftly amassed $10 billion in assets under management, just seven weeks post its launch on January 11. This surge signifies a substantial investor confidence, with BlackRock’s ETF outpacing competitors by securing over 162,000 BTC. In comparison, Fidelity’s FBTC ETF follows with over 105,000 BTC in assets. Bloomberg’s ETF analyst highlights IBIT’s rapid entry into the exclusive $10 Billion Club, underscoring the significant investor influx contributing to this growth. Amidst this, other spot bitcoin ETFs collectively exceed assets worth over $21 billion, with Ark Invest’s ARKB trailing. This trend reflects a broader shift towards U.S. ETFs, possibly driven by the allure of lower fees and the promise of greater market appreciation. Despite a decrease in net inflows, the investment in U.S. spot bitcoin ETFs remains robust, underlining a continued investor enthusiasm for bitcoin and its burgeoning market presence.
