News Explorer — BlackRock Becomes First Bitcoin ETF Provider to Reach $1B AUM

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Jan 18, 12:51 pm

Coindesk

BlackRock Becomes First Bitcoin ETF Provider to Reach $1B AUM

BlackRock's iShares Bitcoin Trust (IBIT) has become the first Bitcoin ETF provider to reach $1 billion in assets under management (AUM). The ETF, which started trading on January 12, has seen strong investor demand and is focused on providing access to an iShares quality ETF. IBIT holds 99% Bitcoin and nearly $60,000 in fiat.

BlackRock's iShares Bitcoin Trust (IBIT) has become the first Bitcoin ETF provider to reach $1 billion in assets under management (AUM). The ETF, which started trading on January 12, has seen strong investor demand and is focused on providing access to an iShares quality ETF. IBIT holds 99% Bitcoin and nearly $60,000 in fiat.

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