Moneyiar
menu

Spot Bitcoin ETF Assets Surpass $103 Billion as IBIT Leads Inflows

Spot Bitcoin ETF net assets have topped $103 billion for the first time, CoinDesk reports. BlackRock’s IBIT represents well over half of the total assets across the funds.

CoinDesk 2 unique views
Spot Bitcoin ETF Assets Surpass $103 Billion as IBIT Leads Inflows
Net assets held by spot Bitcoin exchange-traded funds have exceeded $103 billion for the first time, according to CoinDesk. BlackRock’s iShares Bitcoin Trust, traded under the ticker IBIT, accounts for well over half of the assets across the products. The milestone highlights the scale of institutional investment vehicles offering exposure to Bitcoin, although the source material does not provide further details on market performance, flows or the timing of the increase. Bitcoin is among the crypto assets connected to the report, alongside Billions Network (BILL), Cronos (CRO), Cross (CROSS), Loaded Lions (LION), Monad (MON) and Real Finance (ASSET).
Source CoinDesk This is an original Moneyiar brief based on the cited source.
Read original source ↗

Related news

Based on this story’s market and assets

Comments