Investors keep accumulating spot Bitcoin ETF shares as combined daily inflows broke another record at $631.3 million.
BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT), has surpassed 100,000 BTC under management.
According to the official data by BlackRock, IBIT amassed 105,280 BTC in holdings on Feb. 13. The iShares Bitcoin Trust became the first spot Bitcoin ETF in the United States to reach 100,000 BTC in managed assets on the 22nd day of trading, among other nine spot Bitcoin ETFs, excluding Grayscale Bitcoin Trust ETF (GBTC).
The news marks a significant achievement in BlackRock’s aggressive BTC buying since the firm launched its spot Bitcoin ETF on Jan. 11, 2024 alongside other 10 issuers.
