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The bitcoin exchange-traded fund (ETF) belonging to the investment giant, BlackRock, has significantly increased its holdings in the digital currency.
Precisely, BlackRock reported today that it already owns more than 50,000 bitcoins (BTC), according to data recorded in its first eleven days of trading since it went on the market.
In this way, this fund, which is called the iShares Bitcoin Trust (IBIT), is strengthened as the second bitcoin ETF with the most holdings in the currency. It should be noted that such a milestone was reached shortly after entering the stock market after surpassing the Canadian fund Purpose Bitcoin (BTCC), as reported by CriptoNoticias.
The only fund that holds more bitcoins than BlackRock's is, as seen below, the Grayscale Bitcoin Trust (GBTC), which operated off-exchange before bitcoin ETFs were authorized in the United States just over two weeks ago.