Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
exchange-traded fund is now the largest product of its kind, flipping Grayscale's GBTC after a $102 million inflow on Tuesday.to its income and bond-focused funds in the first quarter. The firm’s Strategic Income Opportunities Fund holds over $3.5 million worth of IBIT, while its Strategic Global Bond Fund holds $485,000.
Buying activity for IBIT ramped up recently amid bullish sentiment for bitcoin and the broader crypto market. The bulls gained momentum after the listing approval for ether ETFs and renewed support for crypto among U.S. political parties. That helped mark a sudden shift in IBIT, which recorded low or even zero inflows before May 15 and saw its first-ever day of outflows in April,
Last week, U.S.-listed spot bitcoin exchange-traded funds reached a new record by holdings with more than 850,000 BTC in custody, surpassing the previous high of 845,000 BTC from early April.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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