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BlackRock’s (BLK) bitcoin exchange-traded fund (ETF) surpassed $1 billion in assets under management on Wednesday, marking the first among the recent wave of bitcoin ETF providers to achieve this milestone.

The iShares Bitcoin Trust (IBIT), managed by BlackRock, commenced trading on January 12.

 

 

Robert Mitchnick, Head of Digital Assets at BlackRock, expressed excitement over IBIT reaching this milestone in its inaugural week, attributing it to robust investor demand. He emphasized a long-term commitment to providing investors with access to a high-quality iShares ETF.

 

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