Trading volume bitcoin ETF iShares Bitcoin BlackRock‘s IBIT Trust topped $3,7 billion, outperforming major funds like the S&P 500. ETF (VOO) from Vanguard. Its trading volume reached $3,28 billion, making IBIT one of the most actively traded exchange-traded funds in the US.
According to SoSoValue, BlackRock’s IBIT has accumulated a total of over $66,2 billion, representing 3,88% of the total BTC supply. However, in December alone ETF recorded a net outflow of $65,92 million, with $2,34 billion withdrawn in November.
Today, the world’s largest investment company BlackRock manages more than 1400 ETF, and assets under its management exceed $13,4 trillion.
The rise in IBIT trading volume coincided with a rise in the price of Bitcoin, which has risen by 7,26% over the past 24 hours and is now trading at 93,103.
The flagship cryptocurrency’s recovery began after the world’s second-largest asset manager, Vanguard Group, announced on Monday that it would begin allowing trading. bitcoin ETF and cryptocurrency mutual funds on its brokerage platform.
Vanguard’s head of brokerage and investment services, Andrew Kajeski, said the company has tested cryptocurrency ETF and mutual funds, which demonstrated that they function properly and are easy for investors to buy and sell. Vanguard currently has over $11 trillion in assets and is accessible to more than 50 million clients.