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International Business Times

Business

Marvie Basilan

BlackRock's IBIT Dethrones GBTC To Become World's 'Largest Crypto ETF'

BlackRock IBIT GBTC ETF Bitcoin Crypto Grayscale Eric Balchunas Michael Sonnenshein Goldman Sachs

KEY POINTS

IBIT also beat JPMorgan's JEPI in terms of hitting $20 billion in assets under 1,000 days
Some crypto users said they weren't surprised, given the ETF's massive inflows
Spot BTC ETFs collectively held over 1 million Bitcoin as of May 24

BlackRock's spot Bitcoin exchange-traded fund (ETF) IBIT has reached a new milestone, overtaking Grayscale's GBTC to become the world's largest cryptocurrency ETF.

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Gabriela Rodriguez Tezoco, an 18-year-old, who just graduated falls to tragic death from Mexico carnival ride in Cabo San Lucas

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Europe faces threat of organised sabotage, terrorist attacks: Estonian FM Tsahkna

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Gabriela Rodriguez Tezoco, an 18-year-old, who just graduated falls to tragic death from Mexico carnival ride in Cabo San Lucas

Gabriela Rodriguez Tezoco, an 18-year-old, who just graduated falls to tragic death from Mexico carnival ride in Cabo San Lucas

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Seth Meyers on Trump’s fixation on men’s bodies: ‘Why are you so weird?’

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