Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ETHEREUM NEWS»BlackRock Bitcoin ​ETF continues to rise, surpassing $15 billion in total profits.
ETHEREUM NEWS

BlackRock Bitcoin ​ETF continues to rise, surpassing $15 billion in total profits.

By Crypto FlexsApril 12, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BlackRock Bitcoin ​ETF continues to rise, surpassing  billion in total profits.
Share
Facebook Twitter LinkedIn Pinterest Email

If we do the research, you can get alpha!

Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!

Go to Alpha Report

BlackRock’s iShares Bitcoin Trust (IBIT) has seen tremendous success since its launch on January 11, having now attracted more than $15 billion in investments.

The spot Bitcoin exchange-traded fund (ETF), which received approval from the Securities and Exchange Commission along with 10 other Bitcoin funds, has received more inflows than other similar products on the market, according to data from Farside Investors.

And IBIT currently has $18.7 billion in assets under management, quickly catching up with Grayscale’s Bitcoin Trust (GBTC), which has $22.2 billion.

BlackRock, the world’s largest asset management company, shocked the digital asset industry by submitting an S-1 form to the SEC to launch a cryptocurrency fund.

CEO Larry Fink said on television that Bitcoin was “digitizing gold” and was an “international asset.” BlackRock’s reputation and Fink’s support may be one of the reasons the fund has performed so well. It also has lower fees than other Bitcoin ETFs.

Bitcoin ETFs offer traditional investors the ability to purchase shares through a brokerage account that tracks the underlying prices of the largest cryptocurrencies by market capitalization. Investors who purchase IBIT do not have to store and hold Bitcoin themselves, a process that is sometimes complicated and arduous.

According to CoinGecko, the current Bitcoin price is $67,787 per coin. It fell nearly 4% in 24 hours. Last month, the coin hit an all-time high of nearly $74,000.

As a company, BlackRock continues to perform well. On Friday, the company announced that its total assets under management had jumped to $10.5 trillion, up 15% from a year ago.

Editor: Andrew Hayward

Stay up to date with cryptocurrency news and receive daily updates in your inbox.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025

Can Etherrium price return to $ 4,000? Analysts say that ETH should go beyond this support.

June 16, 2025
Add A Comment

Comments are closed.

Recent Posts

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

GBM Launches Auction Festival With The Sandbox, Aavegotchi, Unstoppable Domains, And More

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025
Most Popular

Confirmation number 37 | Ethereum Foundation Blog

December 16, 2023

Is the XRP price of $ 18k? -The group of Crypto ‘RESEARCH’ is said to be possible

February 28, 2025

Arbitrum Surpasses $150 Billion in Total Trading Volume on Uniswap

May 6, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.