The iShares Bitcoin ETF by BlackRock now manages 700,307 BTC, equating to roughly 75.5 billion USD, controlling 55% of Bitcoin in US ETFs. This position significantly emphasizes BlackRock’s dominance in the Bitcoin investment landscape.
Since its launch in January 2024, the IBIT ETF has achieved a total return of 82.67%. Notably, BlackRock’s revenue from this ETF surpasses that from its S&P 500 fund, underscoring the growing investor interest in Bitcoin.
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