Reported 3 days ago
BlackRock's iShares Bitcoin Trust (IBIT) has become the most successful ETF launch in history, amassing over $50 billion in assets within just 11 months. This unprecedented growth not only surpassed traditional ETFs but also played a crucial role in driving Bitcoin's price past $100,000, transforming perceptions of the cryptocurrency among institutional investors. The successful launch followed years of regulatory challenges for Bitcoin ETFs, demonstrating the evolving landscape of digital assets.
Source: YAHOO