Summary
TLDR: BlackRock’s Bitcoin ETF sees record trading volume of over $1.3 billion, now has $6.6 billion in assets under management. SEC approved 10 spot Bitcoin ETFs in January. BlackRock’s ETF has been highly successful and the company has also filed for an Ethereum spot ETF. Bitcoin price continues to surge, trading at $54,762 per coin.
Key Points
1. BlackRock notched its best day of trading yet with over $1.3 billion in shares of the newly approved Bitcoin ETF traded on Monday.
2. BlackRock’s Bitcoin ETF now has $6.6 billion in assets under management, as appetite for the biggest virtual coin grows.
3. BlackRock has filed an application with the SEC for an Ethereum spot ETF, along with other top fund managers, as CEO Larry Fink sees value in such a product.