The latest price moves in bitcoin (BTC) and crypto markets in context for May 29, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
(Bloomberg) -- BlackRock Inc.’s iShares Bitcoin Trust has become the world’s largest fund for the original cryptocurrency, amassing almost $20 billion in total assets since listing in the US at the start of the year.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyWorld’s Largest Nuclear Plant Sits Idle While Energy Needs Soar‘Not Gonna Be Pretty:’ Covid-Era Homebuyers Face Huge Rate JumpNew BYD Hybrid Can Drive Non-Stop for More Than 2,000 KilometersTreasuries Hit
(Reuters) -BlackRock's iShares Bitcoin Trust has become the world's largest fund for the world's largest cryptocurrency, racking up nearly $20 billion in total assets since listing in the U.S. in January, Bloomberg News reported on Wednesday. The exchange-traded fund held $19.68 billion of token on Tuesday, overtaking Grayscale Bitcoin Trust's $19.65 billion, report said, citing data compiled by Bloomberg. Grayscale's product website cites its assets under management as being $19.75 billion.