📈 BlackRock's iShares Bitcoin ETF Reaches $2 Billion in Assets Under Management.
BlackRock's iShares Bitcoin ETF has reached $2 billion in assets under management (AUM), making it the first recently launched spot Bitcoin product to reach that milestone.
The fund added nearly 4,300 Bitcoins on Thursday, bringing its total to 49,952 Bitcoins.
The increase in AUM occurred following an increase in the price of Bitcoin, surpassing $40,000.
The fund is now the third largest in asset intake among all ETFs launched in the last year.
Source: Augusto Backes
