BlackRock’s iShares Bitcoin Trust (IBIT) has exceeded 700,000 BTC in holdings, cementing its leadership in the U.S. spot Bitcoin ETF market. With approximately $80 billion in assets under management, IBIT now represents about 55% of all Bitcoin held by U.S.… Read More »BlackRock’s IBIT Bitcoin ETF Surpasses 700,000 BTC Holdings, Dominates Market
BlackRock’s iShares Bitcoin Trust (IBIT) has cemented its dominance within the U.S. spot Bitcoin ETF market, amassing over 700,000 BTC valued at approximately $75.5 billion. The fund now represents 55% of all Bitcoin held by U.S. spot ETFs, significantly outpacing… Read More »BlackRock’s IBIT ETF Commands 55% of US Spot Bitcoin Market Amid Surging Institutional Demand
BlackRock’s spot Bitcoin exchange-traded fund IBIT has become the asset manager’s highest revenue-producing product, surpassing its flagship S&P 500 index fund despite a significantly smaller asset base. The development marks a significant milestone for cryptocurrency adoption within traditional investment vehicles.… Read More »BlackRock’s Bitcoin ETF Emerges as Top Revenue Generator Among Firm’s Product Lineup
Bitcoin is projected to command a dominant 30.95% allocation within investor portfolios by mid-2025, a significant increase from 25.4% in 2024. This surge is primarily attributed to the widespread adoption and impact of spot Bitcoin exchange-traded funds (ETFs). The introduction… Read More »Bitcoin Dominates Investor Portfolios in 2025, XRP Rises to Third Place Amid Institutional Shift