{"id":40464,"date":"2024-10-30T15:30:22","date_gmt":"2024-10-30T15:30:22","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/blackrocks-spot-bitcoin-etf-hits-30-billion-sets-new-record-in-293-days\/"},"modified":"2024-10-30T15:30:22","modified_gmt":"2024-10-30T15:30:22","slug":"blackrocks-spot-bitcoin-etf-hits-30-billion-sets-new-record-in-293-days","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/blackrocks-spot-bitcoin-etf-hits-30-billion-sets-new-record-in-293-days\/","title":{"rendered":"BlackRock&#8217;s spot Bitcoin ETF hits $30 billion, sets new record in 293 days"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1644463622883-8854b2dd-6bdf-4e8e-ac9e-8ce963b4c3a4-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1644463622883-8854b2dd-6bdf-4e8e-ac9e-8ce963b4c3a4-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1644463622883-8854b2dd-6bdf-4e8e-ac9e-8ce963b4c3a4-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1644463622883-8854b2dd-6bdf-4e8e-ac9e-8ce963b4c3a4-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li aria-level=\"1\">BlackRock takes the lead reaching $30 billion in 293 days. JEPI took 1,272 days and Gold managed it in 1,790 days<\/li>\n<li aria-level=\"1\">Spot Bitcoin ETFs could reach one million Bitcoin, surpassing Satoshi Nakamoto by mid-December<\/li>\n<\/ul>\n<p>BlackRock\u2019s spot Bitcoin exchange-traded fund (ETF) has hit $30 billion in assets setting a new record of 293 days, showcasing rising interest in crypto investments.<\/p>\n<p>The milestone from BlackRock comes 10 months after the company <a href=\"https:\/\/coinjournal.net\/news\/btc-surges-as-blackrocks-ibit-trades-7-5m-shares-in-first-10-minutes\/\">launched its spot Bitcoin ETF in January<\/a>. Then, it was reported that BlackRock had traded $7.5 million shares within the first 10 minutes of launching.<\/p>\n<p>Now, <a href=\"https:\/\/coinjournal.net\/search\/blackrock\">BlackRock<\/a> holds more than 417,000 Bitcoin, <a href=\"https:\/\/www.ishares.com\/us\/products\/333011\/ishares-bitcoin-trust-etf\" target=\"_blank\" rel=\"noopener\">valued at $30.4 billion<\/a>, according to iShares data.<\/p>\n<p>Taking to <a href=\"https:\/\/x.com\/EricBalchunas\/status\/1851587325077197034\" target=\"_blank\" rel=\"noopener\">X<\/a>, Bloomberg analyst Eric Balchunas, said what BlackRock has achieved is an \u201call-time record,\u201d adding \u201cthe old record was $JEPI which did it in 1,272 days. $GLD took 1,790 days. Unreal.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Also <a href=\"https:\/\/twitter.com\/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$IBIT<\/a> has crossed the $30 billion mark in assets after monster flows and price appreciation yesterday. It hit this milestone in just 293 days, an all time record. The old record was <a href=\"https:\/\/twitter.com\/search?q=%24JEPI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$JEPI<\/a> which did it in 1,272 days. <a href=\"https:\/\/twitter.com\/search?q=%24GLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$GLD<\/a> took 1,790 days. Unreal\u2026 <a href=\"https:\/\/t.co\/rUskhqhW7b\">pic.twitter.com\/rUskhqhW7b<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1851587325077197034?ref_src=twsrc%5Etfw\">October 30, 2024<\/a><\/p>\n<\/blockquote>\n<p>Balchunas also noted that Bitcoin ETFs could reach one million Bitcoin soon. At the time of publishing, the number sits around 983,000. If such a milestone is reached Balchunas believes that the combined spot Bitcoin ETFs could surpass Satoshi Nakamoto\u2019s wallet, which holds 1.1 Bitcoin, by mid-December.<\/p>\n<p>\u201cThat said, anything can happen, eg a violent selloff and all this is delayed albeit still inevitable,\u201d he added. \u201cOn flip, if prices keep going up, Trump wins, we could see FOMO could kick in and it all happens faster. Stay tuned.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">COUNTDOWN: US spot ETFs are scheduled to hit 1 million bitcoin held by next Wed and pass Satoshi by mid-December (before their first birthday, amazing). They&#8217;ve been adding about 17k btc a week. That said, anything can happen, eg a violent selloff and all this is delayed albeit\u2026 <a href=\"https:\/\/t.co\/lsU1xSP2Zd\">pic.twitter.com\/lsU1xSP2Zd<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1851253463734190477?ref_src=twsrc%5Etfw\">October 29, 2024<\/a><\/p>\n<\/blockquote>\n<p>Decentralized prediction market platform, Polymarket, and, <a href=\"https:\/\/coinjournal.net\/news\/robinhood-introduces-speculation-on-us-presidential-election-outcome\/\">more recently<\/a>, Robinhood, an investment app, have <a href=\"https:\/\/coinjournal.net\/news\/polymarket-prediction-data-shows-trump-taking-the-lead-over-harris\/\">launched data predicting<\/a> who will win the US Presidential election on November 5.<\/p>\n<p>At the time of publishing, <a href=\"https:\/\/polymarket.com\/event\/presidential-election-winner-2024?tid=1728279663002\" target=\"_blank\" rel=\"noopener\">Polymarket shows<\/a> former US president Donald Trump in the lead at 67% with Vice President Kamala Harris behind at 33.1%.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/blackrocks-spot-bitcoin-etf-hits-30-billion-sets-new-record-in-293-days\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) BlackRock takes the lead reaching $30 billion in 293 days. JEPI took 1,272 days and Gold managed it in 1,790 days Spot Bitcoin ETFs could reach one million Bitcoin, surpassing Satoshi Nakamoto by mid-December BlackRock\u2019s spot Bitcoin exchange-traded fund (ETF) has [&hellip;]<\/p>\n","protected":false},"author":3947362367,"featured_media":40465,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40464"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362367"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=40464"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40464\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/40465"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=40464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=40464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=40464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}