NEW YORK: BlackRock’s iShares Bitcoin Trust (IBIT) has become the world’s largest fund for the world’s largest cryptocurrency, racking up nearly US$20bil in total assets since listing in the United States in January, Bloomberg News reports.
The exchange-traded fund (ETF) held US$19.68bil of token on Tuesday, overtaking Grayscale Bitcoin Trust’s US$19.65bil, the report said, citing data compiled by Bloomberg.
