BlackRock's iShares Bitcoin Trust (IBIT) has surpassed Grayscale's ETF in holdings, marking a significant milestone with 627,985.7 BTC, equivalent to $1.03 billion inflow. This reflects Bitcoin's growing mainstream appeal and institutional investment.
With 2.99% of Bitcoin's total supply, BlackRock's expansion signifies increased confidence in Bitcoin's stability and its role alongside traditional assets.
Eric Balchunas highlights that this positive trend indicates sustained cash inflows, and projections suggest BTC ETFs could surpass gold's assets in three to five years, reinforcing Bitcoin's institutional credibility.
Full story here: https://coincu.com/337961-blackrock-bitcoin-etf-surpasses
