BlackRock’s Bitcoin ETF already has more than 300,000 BTC under management – ​​DiarioBitcoin

The ETF Bitcoin of BlackRock continues to record records, and this time it has already accumulated more than 300,000 BTC under management, adding more than 13,400 bitcoins in just three more days of commercial operations.

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• The ETF Bitcoin of BlackRock achieves a new milestone
• It already has more than 300,000 BTC under management
• Added more than 13,400 bitcoins in just three days of commercial operations
• He IBIT consolidates with the ETF Bitcoin with the best results in various indicators

iShares Bitcoin Trust (IBIT), andThe exchange-traded fund (ETF) based on Bitcoin managed by BlackRock, adds another achievement to its growing list of milestones achieved, as it officially surpassed 300,000 BTC under management.

ETFs Bitcoin of BlackRock he already has 300,000 BTC

The new milestone can be seen in the data published on the official website of the fund. BlackRock, in which they indicate that the ETF Bitcoin managed by the company has a total of 304,976 BTC under management at this time, which at the current exchange rate correspond to more than USD $21,067 million.

This new milestone comes a week after the fund BlackRock surpassed the mark of USD $20,000 million under management, which at that time corresponded to some 291,563 BTC.

The small comparison with the last report reflects that the company added about 13,413 bitcoins in just three days of commercial operations (during the days of June 5, 6 and 7)which totaled more than USD $673 million in net income, as reflected Farside Investors.

ETF records Bitcoin of BlackRock

As we have indicated in previous editions, the ETF Bitcoin of BlackRock It is listed as the product of its type with the best commercial results. The place Farside Investors reflects that said fund has capitalized more than USD $17.6 billion in net income to date, a figure it has achieved just after completing five months of operations in the US market.

On the other hand, the analyst Bloomberg, Eric Balchunas stated that the ETF Bitcoin of BlackRock reached a new record in May, registering more than 400 holders of its shares, surpassing other new funds and far surpassing peers such as FBTC, BITB and ARKB.

As for investors, the iShares Bitcoin Trust of BlackRock It has also managed to attract very well-known entities. Recent reports reveal that the state of Wisconsin in the United States has a million-dollar position in this product, which translates into some 2.4 million shares of the IBIT. They also highlight BNP Paribas, JPMorgan and other major banks.

ETFs Bitcoin they are on a good streak

This new milestone comes amid the good results that ETFs are achieving Bitcoin on these days.

Last Friday, the ETFs Bitcoin They recorded their 19th consecutive day of positive flows for the group, as well as the longest streak of daily entries in their history. Last Friday, together, they capitalized about USD $131 million in income, while for the previous day they recorded USD $217.7 million.

While ETFs Bitcoin are going through their best streak, the competition now seems to point to the arrival of funds based on Ethereum cash. To this end, entities such as BlackRock, Fidelity, Invesco, Franklin Templeton, Grayscale and many others are waiting for the missing authorization from the Securities and Exchange Commission (SEC) to start commercial operations.

Lastly, the price of Bitcoin At the time of publication, it stands at USD $69,730 per unit, a figure that represents a slight increase of 0.2% in the last 24 hours.

Article by Angel Di Matteo / DailyBitcoin

Picture of Unsplash, edited with Canva

WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be suitable for retail investors as the entire amount invested could be lost. Check the laws of your country before investing.