BlackRock's Bitcoin ETF Becomes World's Largest, Surpassing Grayscale
TL;DR Summary
BlackRock's iShares Bitcoin Trust (IBIT) has surpassed Grayscale's GBTC as the largest Bitcoin ETF, holding $20 billion in assets. This shift occurred due to significant outflows from GBTC and inflows into IBIT. With IBIT's rapid growth, it may soon target the iShares Gold ETF, which holds over $29 billion in assets. Despite short-term sell pressure, the long-term outlook for Bitcoin remains bullish.
- BlackRock Bitcoin ETF racing ahead? Flips GBTC with a $20B high! AMBCrypto News
- BlackRock’s bitcoin ETF on verge of eclipsing Grayscale’s fund MarketWatch
- BlackRock Now Runs the World's Largest Bitcoin Fund The Wall Street Journal
- BlackRock's $20 Billion IBIT Fund Is World's Biggest Bitcoin (BTC) ETF Bloomberg
- Russian firms turn to stablecoins like Tether and bartering to bypass U.S. sanctions Kitco NEWS
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