Crypto Live News
Author: Nidhi Kolhapur
Nidhi Kolhapur 
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Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Mar 13, 2024 19:55
In a significant turn of events, BlackRock’s IBIT ETF crossed the 200,000 BTC mark, hitting a milestone in just 2 months of introduction. IBIT has rapidly dominated the ETF space, with more than $14.5 billion in assets under management (AUM). Just yesterday, BlackRock’s IBIT set a new record and nearly hit $4 billion daily trading volume. While GBTC has long been the dominant force among Bitcoin funds, IBIT is just behind with over 200,000 BTC, it has strategically challenging GBTC. Despite GBTC’s impressive BTC holdings, capital may shift from GBTC to newer, more efficient ETFs like IBIT.
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