By November, BlackRock’s Bitcoin ETF had surpassed its gold fund in total assets, becoming the largest of the 1,400 funds the asset manager offers globally.
Since their launch last January, increased flows into Bitcoin ETFs have coincided with increases in the currency’s price. For example, as Bitcoin hit an all-time of $111,900 in late May, the total net assets across all 12 Bitcoin ETFs reached an all-time high of over $134 billion.
