The price of Bitcoin surged at the end of the week, while the assets under management of BlackRock’s spot Bitcoin ETF reached $2 billion. From Friday morning, the Bitcoin price rose by more than 7% and approached the $43,000 mark for the first time in a week.
At current prices, the value of the 49,952 BTC held by BlackRock is approximately $2 billion, assuming there was no significant outflow of funds from the fund on the last trading day. As a result, BlackRock’s instrument became the first among new similar products to reach this milestone. According to Bloomberg, the assets under management of Grayscale’s spot Bitcoin ETF amount to around $20 billion, although this product emerged as a result of conversion.
According to Bloomberg, the assets under management of Grayscale’s spot Bitcoin ETF amount to around $20 billion, although this product emerged as a result of conversion.
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