Reported 4 months ago
BlackRock's iShares Bitcoin Trust has become the world's largest fund for Bitcoin, amassing nearly $20 billion in assets since its listing in the US at the beginning of the year. The ETF surpassed Grayscale Bitcoin Trust to claim the top spot, with $19.68 billion in holdings. The success of BlackRock's fund highlights investors' preference for accessing Bitcoin through an institutional-grade ETF, with the iShares Bitcoin Trust attracting significant inflows compared to outflows from the Grayscale fund. The rise of Bitcoin ETFs has made the cryptocurrency more accessible to investors and contributed to its rally to a record high of $73,798 in March.
Source: YAHOO