BlackRock Bitcoin ETF Net Assets Pass $23B After 20% Q3 Surge
Continuing its massive success since receiving regulatory approval in January, BlackRock’s Spot Bitcoin ETF has officially surpassed $23 billion in net assets value after the figure surged 20% in the most recent Q3. Indeed, the product has been rallying significantly, having one of its best trading days of the year this week. A large part of its most recent success has been Donald Trump’s impending return to the White House. Emerging victorious in the 2024 presidential election, Trump pushed Bitcoin to a $76,000 all-time high Thursday. Moreover, that catapulted BlackRock’s Bitcoin ETF to seeing $1.1 billion in inflows in its best performing day yet. Also Read: Bitcoin Eyeing $100k Before Inauguration Day After Trump Win BlackRock Bitcoin ETF Keeps Surging: Hits $23B Mark Amid Record Day 2024 was always an important year for the cryptocurrency sector. Yet, it has gone as well as anyone could’ve imagined. The United States approved two crypto-based ETFs throughout ...