BlackRock Bitcoin ETF reaches $1 billion in total assets under management in one week | CoinDesk JAPAN

On the 17th, the world’s largest asset management company BlackRock’s physical Bitcoin (BTC) ETF (exchange traded fund) exceeded $1 billion in assets under management (approximately 145 billion yen, equivalent to 145 yen to the dollar). Among the multiple companies that have launched Bitcoin ETFs, BlackRock is the first to reach this milestone.

iShares Bitcoin Trust (IBIT) has been trading since January 12th.

“We are thrilled that IBIT was able to reach this milestone in its first week, reflecting strong investor demand,” Robert Mitchnick, head of digital assets at BlackRock, said in an email. “This is just the beginning. We have a long-term commitment focused on providing investors with access to iShares’ high-quality ETFs.”

According to the data, 99% of IBIT’s holdings consist of Bitcoin, with nearly $60,000 in fiat currency. As of the 18th, it held 25,067 BTC.

IBIT closed the day on the 17th at $24.41, trading at a slight premium of 0.42% compared to physical Bitcoin. According to the data, IBIT’s average daily trading volume so far has been 14 million units.

｜Translation and editing: Rinan Hayashi
｜Image: Jim.henderson/Wikimedia Commons
｜Original text: BlackRock’s Bitcoin ETF Hits $1B AUM in One Week