The Kobeissi Letter
The Kobeissi Letter|Jul 10, 2025 19:31
BREAKING: Bitcoin ETF, IBIT, has reached a record 76 BILLION in assets under management. Total assets have TRIPLED over the last ~200 trading days, per ZeroHedge. By comparison, it took the largest gold ETF, GLD, over 15 years to reach the same milestone. IBIT's Bitcoin holdings now also exceed 700,000 for the first time in history. This is ~100,000 more than the total holdings of MicroStrategy, MSTR. Crypto markets are making history.
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