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 […]
Tag: IBIT
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. […]
By Marco Piccolo Key highlights: U.S. spot Bitcoin ETFs recorded their eighth consecutive day of net inflows, totaling $389.5 million on June 18. BlackRock’s IBIT dominated inflows, accounting for over 96% of the recent $2.4 billion streak. Despite geopolitical tensions between Israel and Iran, Bitcoin stabilized in the $104K–$105K range, reflecting a “risk-off, then stabilize” […]