BlackRock's iShares Bitcoin Trust Overtakes Grayscale's Rival Fund to Become the World's Leading Cryptocurrency Investment
Wednesday, 29 May 2024, 08:47
BlackRock's iShares Bitcoin Trust Emerges as World's Largest Cryptocurrency Fund
BlackRock's iShares Bitcoin Trust has dethroned Grayscale's rival crypto trust to secure its position as the largest Bitcoin fund globally. This milestone was achieved through an impressive inflow of US$16.5 billion since the launch of nine spot Bitcoin exchange-traded funds in the US in January. The dominance of BlackRock's iShares Bitcoin Trust highlights a growing trend in institutional investment in cryptocurrencies.
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