American multinational fund management corporation and the world’s largest money manager Blackrock has announced that a record breaking amount of US$347 billion worth of exchange-traded funds (ETFs) have been traded in 2015.
ETFs currently managed by BlackRock, which total nearly US$130 billion, recorded all-time best performances, surpassing the growth of its iShares ETF businesses in 2014. The New York-based organization with over US$1 trillion in management reached a new high record, selling around US$97 billion worth of ETFs, recording a 15.46% increase since 2014.
Mimicking the performances of global cross-industry ETFs, premium bitcoin shares such as Grayscale investment’s Bitcoin Investment Trust, which is traded on the public stock market with the ticker GBTC also recorded a new yearly high, reaching close to US$65 per share.
GBTC – which acts as a premium alternative to bitcoin exchanges – represent one tenth of a bitcoin. Growing number of investors have begun to actively trade the shares of GBTC with concerns regarding the security and reliability of online bitcoin exchanges and wallet platforms.
Maintained by Barry Silbert-led Digital Currency Group, Bitcoin Investment Trust unlike many other bitcoin exchanges in the market guarantees a certain level of insurance to its shareowners by managing bitcoins for their traders.
Read more ... source: NewsBTC USA
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