Spot Bitcoin Funds Surpass 1 Million BTC, as BlackRock’s Bitcoin ETF Sets New Records, Outpacing Traditional Funds
BlackRock’s IBIT ETF has now exceeded US$30 billion in value, making up 42% of all BTC held by US Bitcoin ETFs. Recent data shows massive inflows, with IBIT leading global ETF cash receipts last week. Bloomberg’s Eric Balchunas notes IBIT’s significant inflows amidst US ETFs nearing a yearly flow record. Despite ETF success, Bitcoin’s price […]