6M
...
Just two months into trading, BlackRock’s IBIT spot bitcoin ETF has rapidly exceeded 200,000 BTC in assets, signaling a significant surge in investor interest towards bitcoin. This leap forwards positions the ETF as a leading player among the nine newly launched spot bitcoin ETFs, which collectively boast over 420,000 BTC, excluding assets from Grayscale’s GBTC. BlackRock’s IBIT itself now accounts for roughly 204,000 BTC, translating to an impressive $14.7 billion in value. Following closely are Fidelity’s FBTC and Ark Invest 21Shares’ ARKB, marking their own successes in the market. Despite a backdrop of outflows from GBTC, the overall landscape for U.S. spot bitcoin ETFs has been overwhelmingly positive, with IBIT securing top spot in daily inflows. This achievement comes as bitcoin’s price ascends to $72,138.47, reflecting a 7.1% increase over just one week. The rapid accumulation and growth in ETF assets underscore a growing optimism and acceptance of bitcoin in the investment community.
