Bitcoin: BlackRock’s IBIT ETF Achieves $3 Billion Milestone Fast
Rachel Aguirre, who heads BlackRock's iShares Products division in the U.S., shared positive sentiments regarding the performance of IBIT, BlackRock's newly introduced Bitcoin ETF.
According to Aguirre, the initial two weeks of IBIT trading have proven more than satisfactory for the company since receiving regulatory approval from the Securities and Exchange Commission.
Within a brief period of less than two weeks, IBIT witnessed a remarkable surge in trading volume, reaching an impressive $3 billion. Aguirre disclosed that the ETF attracted substantial inflows, exceeding $1.6 billion, emphasizing BlackRock’s commitment to providing investors with seamless access to Bitcoin.
Aguirre, while not directly addressing the potential launch of a spot Ethereum ETF, hinted at BlackRock’s forward-thinking strategy in anticipating and addressing evolving customer needs. Regarding recent regulatory developments in the U.S., she expressed a positive outlook, indicating that SEC Chairman Gary Gensler is not perceived as an adversary to the broader cryptocurrency industry.
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Highlighting the unique selling propositions of BlackRock’s iShares Bitcoin Trust (IBIT), Aguirre emphasized three key aspects: enhanced accessibility to Bitcoin, elimination of challenges associated with direct Bitcoin ownership, and the delivery of superior service to clients. Notably, BlackRock currently holds 16,361 BTC to secure its recently introduced spot Bitcoin ETF.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
