BlackRock hits another historic Bitcoin ETF milestone
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The details show that the top four spot Bitcoin ETFs launched in 2024 are IBIT, Fidelity’s FBTC, Ark Invest’s ARKB and Bitwise’s BITB. Global X Russell 2000 ETF placed fifth, with BlackRock's Ethereum ETF, ETHA, ranking sixth. Analyzing IBIT’s prominence among its rivals, Bloomberg Senior ETF Analyst Eric Balchunas noted that the ETF ended with in May. On the other hand, BITB boasts around 100 reported holders, FBTC has slightly under 250 and ARKB has less than 100.
The recent disclosure shows strong investor interest in Bitcoin and Ethereum through ETFs. More institutions are beginning to embrace cryptocurrency as an alternative means of investment. For instance, banking giant Goldman Sachs Bitcoin , the leading cryptocurrency, has experienced a notable uptick from its previous lows to the $60,000 price range. In the past 24 hours, BTC has inked a 4.2% increase to trade at $61,245. However, the trading volume declined by 12.
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