Cryptocurrency Information Bureau News: Bitcoin ETF, phenomenal growth! Check out BlackRock's record! Assets exceed 700 billion yen. #Bitcoin #Cryptocurrency #ETF
Video explanation
Wow, that's so fast! BlackRock's Bitcoin investment system hits new record!
Hello everyone! I'm John, your blockchain guru. I've got some very exciting news for you today!
It turns out that the "Bitcoin ETF" offered by the world-famous company "BlackRock" has grown at an incredible speed and has broken all previous records! Don't worry if you're wondering "What is Bitcoin?" or "What is an ETF?" Today, I'll explain this news in an easy-to-understand way!
First of all, what are BlackRock and IBIT?
First of all, have you heard of the name "BlackRock"? It is one of the world's largest "asset management companies". An asset management company is a professional company that accepts money from many people and increases (invests) that money on your behalf. To put it in an analogy, it's like the captain of a very large ship that you can entrust with the management of your money.
And the main character of this article, "iShares Bitcoin Trust (IBIT)", is one of the financial products offered by BlackRock. This is a special mechanism for investing in "Bitcoin (digital money that can be used on the Internet)" and is a type of "ETF (Exchange Traded Fund)".
What exactly is an "ETF"? Explain it in a way that even beginners can understand!
You may think, "The word ETF sounds a bit difficult..." But don't worry!
ETF is an acronym for "Exchange Traded Fund," and in Japanese it is called "Exchange-traded fund." This is"Investment trusts" are investment trusts that anyone can easily buy and sell on the stock exchange (a place where turnips and other things are bought and sold) just like stocks.That's what I mean.
To put it more simply, an "investment trust" is like "a value assortment pack of various stocks and bonds (issued when a country or company borrows money) that experts have put together for you." It would be a pain to choose each one by yourself, but with this pack you can easily diversify your investments (a method of reducing risk by investing in a variety of things little by little).
If you were to compare ETFs to something, imagine a candy basket filled with a variety of popular snacks. It would be a hassle to choose each snack by yourself, but with a basket you can easily enjoy a variety of flavors, which is nice, right? ETFs are just like that, a package of financial products selected around a specific theme.
And a "Bitcoin ETF" is an ETF whose basket is mainly made up of "Bitcoin". This allows you to indirectly invest in Bitcoin in the same way you would buy stocks through your regular securities account, without having to manage Bitcoin directly or open a dedicated account. It's convenient, isn't it?
How "awesome" is this record?
Now, to the main subject, the "IBIT" record, it is truly amazing!
Since the launch of the BlackRock Bitcoin ETF "IBIT,"In just 341 business days, AUM (Assets Under Management) exceeded $700 billionI did! If I convert it to Japanese yen, it's about11 trillion yenHow much? (If you calculate it at the current rate in 2024, it's an outrageous amount!)
The speed at which it reached $700 billion is a historic record.
- IBIT (Bitcoin ETF): Until we reach $700 billion 341 days
- Previous record holder: GLD (Gold ETF): Until we reach $700 billion 1,691 days
The comparison is clear! Previously, the fastest ETF to reach this amount was SPDR Gold Shares (GLD), which invests in gold, but it took 1,691 days to do so.Achieve the same results in about one-fifth the timeThis was a sensational event, like a marathon where a promising new athlete breaks a long-standing world record with incredible momentum!
What does this news mean for Bitcoin?
You may be wondering, "Hmm, I understand that this is a great record, but what does this mean for Bitcoin?" This news is thought to have some positive effects on Bitcoin and the "blockchain" (a technology that allows everyone to safely record and manage information) that underpins it.
- Maybe it will lead to increased trust?The fact that Bitcoin-related products offered by a major global financial institution like BlackRock have been such a success may be evidence that Bitcoin is beginning to be recognized by society as a legitimate investment target, rather than just something "suspicious and unclear."
- Investing becomes even easier!By making it an ETF, even people who previously thought, "I don't know how to buy Bitcoin..." or "I'm worried about not having specialized knowledge..." will be able to start investing in Bitcoin with the same ease as buying stocks from their regular securities account. This could lead to an increase in new participants in the Bitcoin market.
- Bitcoin becomes more familiar: Having many people come into contact with Bitcoin through a Bitcoin ETF may lead to a deeper understanding and interest in Bitcoin itself and the blockchain technology it uses.
In other words, this could be a big step towards making Bitcoin more accessible and accessible to more people, rather than just a select few who are knowledgeable.
John's comment
But still, the momentum of BlackRock's IBIT is truly amazing! When Bitcoin ETF was approved in the United States, I was paying attention to how the market would react, but I didn't expect it to be so successful so quickly. I hope that this will not end as just a temporary fad, but that the true potential of Bitcoin and blockchain technology will be more widely understood. I will be keeping an eye on future developments!
This article is based on the following original articles and is summarized from the author's perspective:
BlackRock's iShares Bitcoin Trust Shatters ETF Growth
Record, Surpassing $70 Billion in Just 341 Days