Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
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

Is Alt Season finally here, just as Ether Lee’s tearing and a small cap follows?

August 11, 2025

Protocol Update 001 -scale L1

August 7, 2025

Stablecoins are finally legal

August 3, 2025
Add A Comment

Comments are closed.

Recent Posts

FLOKI’s Valhalla MMORPG Storms U.S. Television With 60-Day National Commercial Blitz

August 11, 2025

A Global Initiative To Transform Crypto Education From The Ground Up

August 11, 2025

Cango Inc. Acquires 50 MW Bitcoin Mining Facility In Georgia, Laying Groundwork For Future Energy Strategy

August 11, 2025

SIM Mining Cloud Mining Allows Global Investors To Easily Earn BTC And DOGE Profits Using Just Their Smartphones (daily Income Of $23,999 USD)

August 11, 2025

MultiBank Group Delivers Record H1 Results With $209M Revenue And MBG Token Driving 7X Returns Since Launch.

August 11, 2025

The Animoca brand invests in a nice cat

August 11, 2025

Is Alt Season finally here, just as Ether Lee’s tearing and a small cap follows?

August 11, 2025

Flareonix airdrop is live! Under the share of 100m FXP today!

August 11, 2025

Carv can be used for transactions!

August 10, 2025

Ethereum (ETH), SEI (Sei), and Bonk (Bonk) gathered in July, but one token is prepared to dominate next.

August 10, 2025

Floki and OnDo expand their profits as Robinhood Listing strengthens.

August 10, 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

FLOKI’s Valhalla MMORPG Storms U.S. Television With 60-Day National Commercial Blitz

August 11, 2025

A Global Initiative To Transform Crypto Education From The Ground Up

August 11, 2025

Cango Inc. Acquires 50 MW Bitcoin Mining Facility In Georgia, Laying Groundwork For Future Energy Strategy

August 11, 2025
Most Popular

XRP Eyes Breakout: Will This Take the Altcoin Past $0.6533?

November 11, 2024

Sam Bankman-Fried, Founder of Bankrupt Crypto Exchange FTX, Set to Go Trial on Fraud and Conspiracy Charges – The Story Behind the Fall of a Rising Crypto Star

November 30, 2023

$590M Silk Road Bitcoin sale unlikely, BTC bull rally far from over, and more: Hodler’s Digest Aug 11

August 18, 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.