"BlackRock's Bitcoin ETF Surpasses MicroStrategy as Bitcoin Price Soars and Tumbles"

1 min read
Source: CoinDesk
"BlackRock's Bitcoin ETF Surpasses MicroStrategy as Bitcoin Price Soars and Tumbles"
Photo: CoinDesk
TL;DR Summary

BlackRock's iShares Bitcoin ETF (IBIT) has quickly amassed 195,985 bitcoin, surpassing MicroStrategy's holdings, and is now second only to Grayscale's GBTC. The rapid inflows into IBIT have contributed to bitcoin's 60% price surge this year, with the cryptocurrency reaching a new all-time high of $70,136.

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