BlackRock’s most profitable ETF is now a ‘hair away’ from $100B
The iShares Bitcoin Trust ETF, or IBIT, has earned BlackRock $25 million more in fees than its second-most profitable ETF and is just shy of reaching $100 billion in net assets.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The iShares Bitcoin Trust ETF, or IBIT, has earned BlackRock $25 million more in fees than its second-most profitable ETF and is just shy of reaching $100 billion in net assets.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
BlackRock’s IBIT sees biggest Bitcoin ETF outflows since June
BlackRock’s Bitcoin ETF shed $405.3 million on Monday as US spot Bitcoin funds opened November with nearly $399 million in net out...
BlackRock sells $405M worth of Bitcoin as IBIT redemptions pile up
Institutional investor outflows from Bitcoin ETFs may signal broader market volatility, impacting short-term Bitcoin prices and in...
Bitcoin ETF Outflows Hit $398.6M on November 2 as BlackRock Leads Redemptions
TL;DR: US-listed spot Bitcoin exchange-traded funds recorded a combined $398.6 million net outflow on November 2, according to Far...
Solana Mobile says daily SKR buybacks have burned 1.2 million tokens
The SKR buyback program ties token supply to ecosystem revenue, potentially stabilizing value but reliant on sustained user trust...
THORChain Restarts Most Swaps After Analyst Said Operators Would Expect North Korea to Launder
THORChain had switched swaps back on for most of the chains halted after an Oct. 31 Ethereum reorg, according to the network’s own...
Brazil's Biggest Bitcoin Exchange Says It Will Refund Users After a $40 Million Hack
Mercado Bitcoin says customers won't pay for a hack that drained tens of millions. Withdrawals on the exchange remain frozen with...