#ArbitrageTradingStrategy #BTCBreaksATH Alongside Bitcoin reaching its all-time high, BlackRock's iShares Bitcoin Trust closed today at its all-time high of $63.58. The IBIT fund now holds over 700,000 Bitcoins, which is approximately 3.33% of the total Bitcoin supply. According to Bloomberg, the IBIT fund generates higher annual fee revenues than BlackRock's S&P 500 ETF (IVV). Despite being only 18 months since its launch, this $75 billion fund generates estimated annual revenues of $187.2 million, surpassing the IVV fund's revenues of $187.1 million. In 2021, El Salvador became the first country to invest in Bitcoin, and it now holds over 6,232 Bitcoins in its treasury. After Bitcoin reached its all-time high today, El Salvador's Bitcoin reserves stood at $400 million in unrealized gains after years of steady accumulation. On November 16, 2022, El Salvador's President, Nayib Bukele, announced that the country would begin buying one Bitcoin daily, "until the price of Bitcoin becomes exorbitant in fiat currencies".