BlackRock’s Bitcoin Trust Reaches New Milestone of Over 800,000 BTC

BlackRock’s iShares Bitcoin Trust (IBIT), a spot Bitcoin Exchange Traded Fund (ETF), has crossed the 800,000 BTC mark in assets under management (AuM). This significant milestone was achieved within just two years of its January 2024 debut. Fueled by over $4 billion in inflows, IBT surpassed 798,747 Bitcoin (BTC) on October 7th, and a further $426.2 million inflow contributed to its total holdings, reaching approximately 802,257 BTC. This signifies that the fund holds nearly 3.8% of the circulating 21 million Bitcoin coins.