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BlackRock’s spot Bitcoin exchange-traded fund (ETF) is nearing the $70 billion mark in assets under management, signaling growing interest from institutional investors even as retail inflows appear to be slowing.
BlackRock, the world’s largest asset manager, has acquired over $69.7 billion worth of Bitcoin (BTC) through its iShares Bitcoin Trust (IBIT) ETF, representing over 3.25% of the total BTC supply.
BlackRock’s IBIT ETF now controls over 54.7% of the market share of all US spot Bitcoin ETFs, which hold a cumulative 6.12% of the total 21…
