BlackRock Spot Bitcoin ETF Surpasses $2 Billion in Assets Under Management
The BlackRock Spot Bitcoin ETF (IBIT) surpassed $2 billion in assets under management, becoming the first of nine new products of its kind to reach that size (excluding GBTC, which is greyed out). On Thursday, investors added about $170 million to IBIT, and the fund purchased nearly 4,300 more BTC, bringing the total number of BTC held to 49,952. The next fund to cross the $2 billion mark is likely to be Fidelity's Wise Origin Bitcoin Fund (FBTC), which held just under 44,000 bitcoins as of 25 January.
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