BlackRock Inc’s (NYSE:BLK) iShares Bitcoin Trust (NASDAQ:IBIT) has become the most significant Bitcoin fund globally, amassing nearly $20 billion in assets since its U.S. listing earlier this year. As of Tuesday, the fund held $19.68 billion in Bitcoin (CRYPTO: BTC), surpassing the $19.65 billion Grayscale Bitcoin Trust (NYSE:GBTC). Fidelity Investments’ Bitcoin offering stands third with $11.1 billion. The iShares Bitcoin Trust and Fidelity Bitcoin ETFs, launched on January 11, alongside the Gr
Bitcoin’s value hit a new record this year, exceeding its Covid-era high and shocking investors. Here’s what that 2021 rally can show us about this year’s spike—and the crypto market’s $2.6 trillion market capitalization.
The latest price moves in bitcoin (BTC) and crypto markets in context for May 29, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.