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Stock impact report

Bitcoin rally pushes BlackRock ETF over $10bn in record time [Financial Times (FT.com) (UK)]

iShares Select Dividend ETF (DVY) 
Company Research Source: Financial Times
Jump to comments sectionStay informed with free updatesSimply sign up to the Digest -- delivered directly to your inbox.BlackRock’s bitcoin exchange-traded funded has reached $10bn faster than any ETF in history, fuelled by a rally that continues to send the world’s largest cryptocurrency to record heights.BlackRock’s iShares Trust (IBIT) needed less than two months from its January 11 launch to reach that landmark, beating Invesco QQQ’s record of just over a year, according to Morningstar. IBIT’s total assets now sit at around $12.7bn, a combination of bitcoin’s appreciation and more than $7bn in net inflows.IBIT and the other nine spot bitcoin ETFs to which the Securities and Exchange Commissiongave the green light on January 11The 10 spot bitcoin ETFs earned net inflows of about $7bn combined from their mid-January launch through the end of February, including $8.5bn that investors have withdrawn from the $27.5bn Grayscale Trust ETF (GBTC), according to d Show less Read more
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