BlackRock IBIT’s assets under management exceeded 500,000 bitcoins (approximately $48 billion) on Monday, less than a year after the fund began trading on January 11, Golden Finance reported. BlackRock’s Bitcoin ETF had accumulated 496,854 Bitcoins as of November 29, according to the latest fund disclosure. According to data from K33, the fund saw a net inflow of $338.3 million (approximately 3,526 Bitcoins) yesterday, allowing it to surpass this milestone and reach 500,380 Bitcoins, accounting for 21 million of the total Bitcoin supply. 2.38% of pieces). Vetle Lunde, head of research at K33, said: BlackRock’s breakthrough of 500,000 Bitcoins is another important milestone after its brilliant launch year. It remains the third-largest U.S. ETF by year-to-date inflows, surpassing the $314 billion Invesco QQQ fund.