BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

BlackRock’s Spot Bitcoin ETF Surges Past $2 Billion AUM, Leading Bitcoin Market

by Conie
January 26, 2024
in CRYPTO, INVESTING
Reading Time: 2 mins read
A A
2
SHARES
36
VIEWS
Share on XShare in TelegramShare on Reddit
  • The BlackRock iShares Bitcoin ETF (IBIT) has crossed $2 billion in assets under management (AUM), becoming the first spot bitcoin ETF to reach this milestone.
  • IBIT gathered about $170 million on Thursday, purchasing nearly 4,300 additional bitcoin to bring its total holdings to 49,952 BTC.
  • Fidelity’s Wise Origin Bitcoin Fund (FBTC) with nearly 44,000 BTC is likely to be the next spot bitcoin ETF to hit $2 billion AUM.

The BlackRock iShares Bitcoin ETF (IBIT) has become the first spot bitcoin ETF to reach $2 billion in assets under management (AUM). This milestone excludes Grayscale’s GBTC, which converted from a closed-end fund to a spot ETF with nearly $30 billion in AUM.

IBIT Reaches $2B AUM

Investors added about $170 million to IBIT on Thursday. The fund purchased nearly 4,300 additional bitcoin, bringing its total holdings to 49,952 BTC. With bitcoin’s price rising above $40,000 on Friday, IBIT’s AUM crossed the $2 billion threshold.

Now with over $2 billion in AUM, IBIT ranks third among all ETFs launched in the past year for asset gathering. ETF Store president Nate Geraci believes IBIT could soon become the top new ETF by AUM.

JUST IN: BlackRock’s Spot #Bitcoin ETF now holds $2 billion worth of $BTC pic.twitter.com/cS9aCG7UEy

— BlockNews.com (@blocknewsdotcom) January 26, 2024

Fidelity’s Wise Origin Bitcoin Fund (FBTC) is likely to be the next spot bitcoin ETF to reach $2 billion. As of January 25, FBTC held just under 44,000 BTC.

CoinDesk Background

CoinDesk is an award-winning media outlet covering cryptocurrency and digital assets. It was acquired by Bullish in November 2023 but operates as an independent subsidiary. An editorial committee is being formed to support CoinDesk’s strict editorial policies and commitment to the highest journalistic standards.

About the Author

Helene Braun is a news reporter at CoinDesk covering the criminal trial of Sam Bankman-Fried. She is a recent graduate of New York University’s business journalism program and has appeared on CBS News and Nasdaq Trade Talks. Helene holds BTC and ETH.

Tags: BitcoinBitcoin ETFblackrockcryptoGBTC
Tweet1ShareShare
Previous Post

WEN Token’s Astounding 4,000% Surge Takes Solana by Storm

Next Post

OneCoin Lawyer Sentenced to 10 Years in Prison for $400 Million Ponzi Scheme

DON'T MISS THESE! HOT OFF THE PRESS

Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?
CRYPTO

Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?

July 18, 2025
Here’s Why Dogecoin’s Jumping Again Today
CRYPTO

Here’s Why Dogecoin’s Jumping Again Today

July 18, 2025
PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?
CRYPTO

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

July 18, 2025
Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth
CRYPTO

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance
CRYPTO

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing
CRYPTO

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Load More

Related News

Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?

Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?

July 18, 2025
Here’s Why Dogecoin’s Jumping Again Today

Here’s Why Dogecoin’s Jumping Again Today

July 18, 2025
PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

July 18, 2025
Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve Finance FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.