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BlackRock’s spot Bitcoin ETF records 20% growth in net assets during Q3

Summary of BlackRock’s Spot Bitcoin ETF Growth in Q3

BlackRock’s spot Bitcoin ETF has demonstrated notable growth, achieving a 20% increase in net assets during Q3 of 2024. This rise appears to be a reflection of a continuous bullish trend in the cryptocurrency market, spurred by favorable economic conditions, including recent Federal Reserve rate cuts. Net Asset Growth: +20% during Q3 Total Assets Under Management: As per the latest and related reports, BlackRock’s total assets under management have soared to $11.5 trillion, aided by robust ETF performance amid market rally conditions. Related Developments: Other positive trends in the sector include potential shifts in staking strategies that could favor Ethereum ETFs, but these are largely independent of the direct performance of BlackRock’s Bitcoin ETF. Show Less

https://cryptoslate.com/blackrocks-spot-bitcoin-etf-records-20-growth-in-net-assets-during-q3/
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