"BlackRock's Bitcoin ETF Gathers 200,000 BTC in Just Two Months"

BlackRock’s IBIT spot bitcoin ETF has amassed over 200,000 BTC in assets under management in just two months of trading, surpassing other spot bitcoin ETFs. The total assets of the newborn nine spot bitcoin ETFs, excluding Grayscale’s converted GBTC fund, now exceed 420,000 BTC. BlackRock’s IBIT has accumulated around 204,000 BTC, valued at approximately $14.7 billion, with Fidelity’s FBTC and Ark Invest 21Shares’ ARKB following closely. Additionally, U.S. spot bitcoin ETFs have seen strong inflows and trading volume, with BlackRock and Fidelity's ETFs now holding a combined market share of over 60%, eroding Grayscale's initial dominance.