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BlackRock holds almost $16 billion in Bitcoin

lieutenantdan - 2024-03-13 22:01:00

IBIT going to overtake GBTC soon


At this pace IBIT is going to surpass GBTC very shortly.


Well not taking into account their new mini ETF.


IBIT has close to $16 billion in assets currently.


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(Source: https://twitter.com/BitcoinNewsCom/status/1767881362600493549/photo/1)


The mini ETF will be interesting from GBTC to see how it impacts things.


I suspect much of that IBIT total is rotated funds from GBTC, but how much, impossible to know.