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With more than 1,400 funds under iShares' management, the Bitcoin fund is the 30th largest at $21.1 billion of cryptocurrency assets under management. Popularity can be a real benefit.
The second-largest spot Bitcoin ETF is the Grayscale Bitcoin Trust ETF (NYSEMKT: GBTC) at $14.4 billion, but that fund had a head start with a peak asset value of $29 billion before the new crypto ...
Investors who are new to crypto now have a powerful new way to invest in Bitcoin via the iShares Bitcoin Trust. Skip to main content. Subscriptions; Animals. Business. Entertainment. Fitness. Food ...
Grayscale was founded in 2013, launching a bitcoin trust that year. [4] In 2015, the company became a subsidiary of Digital Currency Group. [5] The same year, Grayscale Bitcoin Trust (OTCQX: GBTC) began trading over-the-counter on the OTCQX market, becoming the first publicly traded bitcoin fund in the United States.
Grayscale was the world's largest asset manager for digital currency, as of December 2021, with more than $50 billion in assets under management. [7] Grayscale also manages the Grayscale Bitcoin Investment Trust (OTCQX: GBTC), which was the first publicly quoted security solely invested in the price of bitcoin upon its launch in 2013. [3]
In 2013, Pantera launched the first investment fund focused on Bitcoin in the United States. [2] [3] The fund opened an office in New York during the early 2000s and established operations in Puerto Rico in 2021. [11] [12] Pantera launched its second blockchain fund in 2022, seeking to raise $1.25 billion.
Of course, nothing is free. The Grayscale Bitcoin Trust ETF doesn't manage its Bitcoin assets for nothing. It charges a 1.5% expense ratio for its services. Additionally, the ETF buys Bitcoin ...
In October 2021, the company launched an exchange-traded fund that invests in Bitcoin futures contracts. [ 1 ] [ 8 ] On October 2, 2023, ProShares launched 3 Ethereum Futures ETFs in the US, becoming one of the first companies to launch an Ethereum ETF in US history.