BlackRock launched a Bitcoin ETF in 2024, marking a major shift towards cryptocurrency. The iShares Bitcoin Trust now holds over $69 billion in net assets, with $62.8 billion in net inflow. Since its launch, the ETF has seen a 70% price increase, outperforming Bitcoin’s 20% rise. Both BTC and IBIT have lost 30% of their value since October 10th. At present, IBIT trades at $47.44, down 6%, while Bitcoin is at $83,901.94, down 6.5%.

Read more at Yahoo Finance: BlackRock hits $69 billion milestone after 2 years