BlackRock’s Bitcoin ETF Surpasses $2 Billion in Assets
BlackRock’s Bitcoin exchange-traded fund (ETF) has reached $2 billion in assets under management (AUM) just two weeks after its debut on the Nasdaq. The strong performance of the ETF can be attributed to recent inflows and the recovery of Bitcoin’s price on January 26. According to data released by Bloomberg analyst James Seyffart, Bitcoin’s price performance intraday has pushed the fund’s market capitalization to $2.11 billion.
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