BlackRock's spot bitcoin ETF surpasses 300,000 BTC in assets u | Bitcoin Magazine

BlackRock's spot bitcoin ETF surpasses 300,000 BTC in assets under management

BlackRock’s IBIT spot Bitcoin exchange-traded fund crossed 300,000 ($21 billion) in assets under management on Thursday, five months after trading began on Jan. 11. BlackRock’s Bitcoin ETF has now accumulated 302,534 BTC, according to its fund page, with around 4,920 BTC in net inflows yesterday taking it over the milestone. GBTC originally operated as a private placement fund before transitioning to public trading on the OTC market in 2015 and its ultimate conversion to an ETF in January.

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