BlackRock launches the largest Bitcoin ETF, "IBIT Fund," with $20bn, surpassing Grayscale's Bitcoin Trust.

BlackRock, the world's largest asset manager, launched the largest Bitcoin ETF, "IBIT Fund," with $20bn in assets. It eclipses Grayscale's Bitcoin Trust, offering investors exposure to Bitcoin and digital assets with ETF benefits such as liquidity and transparency. This move signifies BlackRock's growing commitment to the cryptocurrency space, as institutional interest in Bitcoin grows.

May 29, 2024
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