(Reuters) – BlackRock (NYSE:)’s iShares Belief has develop into the world’s largest fund for the unique cryptocurrency, racking up almost $20 billion in complete property since itemizing within the U.S. at the beginning of the yr, Bloomberg Information reported on Wednesday.
The exchange-traded fund held $19.68 billion of token on Tuesday, overtaking Grayscale Bitcoin Belief’s $19.65 billion, report mentioned, citing knowledge compiled by Bloomberg.
BlackRock didn’t instantly reply to Reuters’ request for remark, whereas Grayscale could not be instantly reached.
The Securities and Trade Fee, which is led by crypto skeptic Gary Gensler, rejected spot bitcoin ETFs for greater than a decade over market manipulation worries, however accepted them in January after Grayscale Investments received a court docket problem final yr.
