BlackRock's iShares Bitcoin Trust ETF (IBIT) now consists of 11,439 bitcoins, which is equivalent to $487 million. Moreover, these coins are unlikely to return to the market in the near future.
Rather, the company will purchase additional BTC to work and develop its own product.
For comparison, about 900 new coins are issued per day in the Bitcoin network. Well, the BlackRock ETF has been available for trading for only two days so far.
Rather, the company will purchase additional BTC to work and develop its own product.
For comparison, about 900 new coins are issued per day in the Bitcoin network. Well, the BlackRock ETF has been available for trading for only two days so far.
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