BlackRock Bitcoin ETF hits $91.06B AuM

Description

BlackRock’s iShares Bitcoin Trust (IBIT) has grown to a record $91.06 billion in assets under management, strengthening its lead in the U.S. spot Bitcoin ETF market. The fund continues to attract investors and build its market share, even as Bitcoin’s price drops from its recent all-time highs. The milestone comes as IBIT’s total net inflows reached $58.04 billion by August 13, showing strong investor interest even though there were no new inflows on that specific day. On the same date, the ETF ...