BlackRock's nearly $20 billion ETF is now the world's largest bitcoin fund
2024-05-29 06:21:48
BlackRock's iShares Bitcoin Trust has become the world's largest bitcoin fund, amassing nearly $20 billion in assets since listing in the US at the start of the year. The ETF held $19.68 billion in bitcoin on Tuesday, surpassing Grayscale's $19.65 billion, followed by Fidelity Investments' $11.10 billion fund, according to data. The iShares Bitcoin Trust has attracted the most inflows since listing, at $16.50 billion, while investors pulled $17.70 billion from Grayscale over the same period. Higher fees and the exit of arbitrageurs were cited as possible drivers of outflows.
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