By Emir Abyazov U.S. spot Bitcoin ETFs have surpassed the $50 billion mark in cumulative capital inflows—the first time in the history of this financial instrument. On July 9, 12 U.S. funds recorded an additional $218 million in inflows, bringing the total to $50.16 billion. Fund flows in the US Bitcoin ETF. Source: Farside Investors […]
Tag: IBIT
By Emir Abyazov BlackRock (BLK) has turned its Bitcoin ETF into a dominant force in the cryptocurrency market—the iShares Bitcoin Trust (IBIT) fund has just passed the 700,000 Bitcoin mark. That represents $75.5 billion, and the figure continues to grow every day. 🚨 Blackrock Buys 1388 Bitcoin Now Holds 700,000 BTC 🤯 pic.twitter.com/RsQVEnqcqb — Thomas […]
By Emir Abyazov The world’s largest asset manager, BlackRock (BLK), now gets more annual fees from its spot Bitcoin ETF than from its flagship S&P 500 fund. This is reported by Bloomberg, citing a recent report. Everyone watches revenue. But lets watch incentives. BlackRock makes same money on $75B in Bitcoin and $624B in S&P. […]