PANews December 1, according to a CoinDesk report, Christian Castro, Business Development Manager at BlackRock, stated at a blockchain conference in Sao Paulo that the Bitcoin ETF has become one of the company's most profitable product lines, with asset allocation approaching 1000 billion Dollars. Since the launch of the Spot Bitcoin ETF IBIT in January 2024, it has reached an asset volume of 70 billion Dollars over 341 days, with annual fee revenues of approximately 245 million Dollars, and currently holds more than 3% of the circulating supply of Bitcoin.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
PANews December 1, according to a CoinDesk report, Christian Castro, Business Development Manager at BlackRock, stated at a blockchain conference in Sao Paulo that the Bitcoin ETF has become one of the company's most profitable product lines, with asset allocation approaching 1000 billion Dollars. Since the launch of the Spot Bitcoin ETF IBIT in January 2024, it has reached an asset volume of 70 billion Dollars over 341 days, with annual fee revenues of approximately 245 million Dollars, and currently holds more than 3% of the circulating supply of Bitcoin.