BlackRock ETF buys 3.25% of BTC supply as New Bitcoin Capital dries up

Share via:


BlackRock’s spot Bitcoin exchange-traded fund (ETF) is nearing the $70 billion mark in assets under management, signaling growing interest from institutional investors even as retail inflows appear to be slowing.

BlackRock, the world’s largest asset manager, has acquired over $69.7 billion worth of Bitcoin (BTC) through its iShares Bitcoin Trust (IBIT) ETF, representing over 3.25% of the total BTC supply.

BlackRock’s IBIT ETF now controls over 54.7% of the market share of all US spot Bitcoin ETFs, which hold a cumulative 6.12% of the total 21…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

BlackRock ETF buys 3.25% of BTC supply as New Bitcoin Capital dries up


BlackRock’s spot Bitcoin exchange-traded fund (ETF) is nearing the $70 billion mark in assets under management, signaling growing interest from institutional investors even as retail inflows appear to be slowing.

BlackRock, the world’s largest asset manager, has acquired over $69.7 billion worth of Bitcoin (BTC) through its iShares Bitcoin Trust (IBIT) ETF, representing over 3.25% of the total BTC supply.

BlackRock’s IBIT ETF now controls over 54.7% of the market share of all US spot Bitcoin ETFs, which hold a cumulative 6.12% of the total 21…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Accenture bookings drop eclipses upbeat revenue, unveils AI-focused revamp

Accenture reported a second straight drop in quarterly...

The SEC’s Staking Guidance Pivot

Opinion by: Margaret Rosenfeld, chief legal officer of...

MakeMyTrip Raises $3.1 Bn To Buy Back Stake From...

SUMMARY MakeMyTrip raised $3.1 Bn to repurchase a portion...

Popular

Upcoming Events

ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo ppoo