BlackRock has emerged as a prominent asset issuer with its spot Bitcoin ETF, named the iShares Bitcoin Trust, achieving significant growth. The firm now holds an impressive 500,000 BTC in Assets Under Management (AUM), marking a substantial milestone.
By November 29, BlackRock's AUM had recorded a total of 496,854 BTC. This figure has increased due to substantial investment inflows, including an additional $338.3 million, which equates to approximately 3,526 BTC.
This growth underscores BlackRock's influence in the cryptocurrency asset management sector, highlighting its ability to attract significant investment interest in its Bitcoin exchange-traded fund (ETF) product.
The news was originally reported by The Coin Republic, emphasizing BlackRock's standout performance among other asset issuers in this domain.
