CZ Hails BlackRock’s Bitcoin ETF as Fastest-Growing in History 🚀
Changpeng Zhao (CZ), the co-founder and former CEO of Binance, recently lauded BlackRock's spot Bitcoin ETF, IBIT, as the fastest-growing ETF in history. His comments came after data showcased BlackRock's extensive Bitcoin holdings, valued at over $54.25 billion, according to Arkham Intelligence.
IBIT, which launched in January 2024, has rapidly made its mark. Data from @lookonchain highlighted a $38.9 million (432 BTC) inflow into BlackRock's ETF, solidifying its market lead. Current estimates suggest BlackRock's holdings are approximately $51.57 billion worth of Bitcoin.
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