- BlackRock’s cryptocurrency ETF has 105,280 BTC under management.
- IBIT has become the first bitcoin ETF to reach this figure, with the exception of GBTC.
- Since launching in January 2024, iShares Bitcoin Trust’s assets have grown 3,700%.
The spot bitcoin-ETF from BlackRock has accumulated 105,280 BTC. iShares Bitcoin Trust (IBIT) became the first crypto fund to reach this mark. The only exception is the convertible investment product from financial giant Grayscale Investments.
Since the SEC approved this asset class on January 10, 2024, the spot bitcoin-ETF has risen 3,700%. The amount of the first cryptocurrency under its management has increased from 2,621 BTC to 105,280 BTC.
Analysts note that the product from BlackRock is one of nine crypto funds that have been growing their assets. The spot bitcoin-ETF from Fidelity Investments is also gradually approaching the 100,000 BTC mark. It now has 83,925 BTC under management.
The only investment product where active withdrawals are observed is GBTC from Grayscale. On the first day of trading, it had 619,220 BTC under its management. Over 22 business days, this figure decreased by 25% and reached 463,475 BTC.
On February 13, 2024, the net capital inflow into spot bitcoin-ETFs amounted to $631.23 million. This is a new historical maximum since the start of trading in this position.
According to the Soso Value portal, the positive trend has been maintained for 13 days. At the same time GBTC is the only spot bitcoin-ETF, which stays in the “red zone” of outflows.
Recall, we wrote that BlackRock is ready to increase the share of bitcoin in its portfolio.
