According to data from the Dow Jones Market Data Group, as of last Thursday morning, the world's largest BTC Spot ETF, IBIT, under BlackRock, had assets under management of more than $42 billion, and is considered the fastest-growing ETF ever. The price of IBIT (stock code: IBIT) has also reached a historic high.
Investors prefer the convenience of ETFs
A spokesperson for BlackRock, the world's largest asset manager, said: "Since its launch, the inflow of funds from IBIT has highlighted investors' preference to invest in BTC through the convenience and quality of ETFs. Optimism has been rekindled in the market's anticipation of aggressive regulatory action for BTC and Cryptocurrency. We remain focused on educating investors and providing a convenient and transparent pipeline for BTC investment."
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According to data from the Dow Jones Market Data Group, as of last Thursday morning, the world's largest BTC Spot ETF, IBIT, under BlackRock, had assets under management of more than $42 billion, and is considered the fastest-growing ETF ever. The price of IBIT (stock code: IBIT) has also reached a historic high.
Investors prefer the convenience of ETFs
A spokesperson for BlackRock, the world's largest asset manager, said: "Since its launch, the inflow of funds from IBIT has highlighted investors' preference to invest in BTC through the convenience and quality of ETFs. Optimism has been rekindled in the market's anticipation of aggressive regulatory action for BTC and Cryptocurrency. We remain focused on educating investors and providing a convenient and transparent pipeline for BTC investment."