Previous close | 37.80 |
Open | 37.80 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 810.00 |
Expiry date | 2024-10-18 |
Day's range | 37.80 - 37.80 |
Contract range | N/A |
Volume | |
Open interest | 4 |
The exchange-traded fund held $19.68 billion of token on Tuesday, overtaking Grayscale Bitcoin Trust's $19.65 billion, report said, citing data compiled by Bloomberg. BlackRock did not immediately respond to Reuters' request for comment, while Grayscale couldn't be immediately reached. The Securities and Exchange Commission, which is led by crypto skeptic Gary Gensler, rejected spot bitcoin ETFs for more than a decade over market manipulation worries, but approved them in January after Grayscale Investments won a court challenge last year.
Inflows to IBIT have picked up recently after a dismal few weeks at the end of April. BlackRock now holds the ETF in two of its major funds.
BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (NASDAQ:IBIT), has overtaken Grayscale Bitcoin Trust (BTC) (NYSE:GBTC) in total holdings, making it the world’s largest fund for the flagship cryptocurrency. As of Tuesday, BlackRock’s IBIT held $19.68 billion in Bitcoin, slightly above the $19.65 billion held by the Grayscale Bitcoin Trust, according to data compiled by Bloomberg. The third-largest Bitcoin fund is Fidelity Investments' offering, with $11.1 billion in assets.