Blackrock, the world’s largest asset manager, has hit a significant milestone with its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT). The fund’s crypto holdings have reached nearly 204K bitcoins, representing over $14.76 billion in assets under management (AUM). https://static.news.bitcoin.com/wp-content/uploads/2024/03/blackrock-bitcoin-holdings-march-11.jpg
The iShares Bitcoin Trust, developed by BlackRock, seeks to reflect the performance of the price of Bitcoin and is not subject to the same regulatory requirements as mutual funds or ETFs registered under the Investment Company Act of 1940.