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The iShares Bitcoin Trust ETF (IBIT) reached over $23.3 billion in net asset value in the third quarter, with 20% quarterly growth. BlackRock’s Bitcoin ETF holds 367,805 BTC worth $21.5 billion. IBIT has high investor retention, with only 0.28% of BTC sold for share redemption. IBIT saw record trading volume but also experienced outflows.
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