INSUBCONTINENT EXCLUSIVE:
of Thursday, and as such, the fund added 1,388 BTC in two trading sessions.IBIT accounts for more than 55% of the total BTC held in US spot
Bitcoin ETFs, according to Bitbo
Since its inception in January 2024, the fund has delivered a total return of 82.67%.The recent Bitcoin milestone comes amid reports that
BlackRock now earns more revenue from its IBIT fund than its flagship S&P 500 fund, iShares Core S&P 500 ETF.Bitcoin hoarding outpaces
purchased more Bitcoin than the supply generated by miners almost every month so far this year, according to Galaxy Research.Related:
BlackRock: Which is the better Bitcoin proxy stock for your portfolio?Strategy and the US Bitcoin ETFs have collectively bought Bitcoin
combined entities have bought more Bitcoin than the new supply being generated each month, except in February, when the combined entities
sold Bitcoin worth $842 million.Regulators warm up to crypto ETFsMeanwhile, the United States Securities and Exchange Commission is
reportedly looking to simplify the crypto ETF approval process.Under the new structure, ETF issuers will only need to file Form S-1 and wait
If the SEC has no objections, the issuer can list its ETF on the exchange.Earlier this month, REX-Osprey Solana and Staking ETF became the
first ETF in the US to offer investors exposure to a staked crypto ETF, with investors being given exposure to SOL along with its staking
rewards.Magazine: Bitcoin vs stablecoins showdown looms as GENIUS Act nears
