BlackRock Spot Bitcoin ETF IBIT’s assets under management exceed $10 billion

In just seven weeks, BlackRock's spot bitcoin ETF IBIT reached a managed asset scale of $10 billion on Thursday. Prior to this, the fund received the second-largest daily net inflow of funds since its launch on January 11th. BlackRock's IBIT fund has reached a managed asset scale of over 162,000 bitcoins (worth $10 billion), while Fidelity's FBTC fund has assets of over 105,000 bitcoins (worth $630 million). Nate Geraci, president of ETF Store, pointed out that it should be noted that out of the 3,400 ETFs, only about 150 have a managed asset scale of over $10 billion, most of which were launched more than 10 years ago.