BlackRock Funds Go All In: Millions Invested in Spot Bitcoin ETF (IBIT)
In a significant move, BlackRock funds have invested heavily in the iShares Bitcoin Trust ETF (IBIT), acquiring shares worth a combined $78 million in the past quarter ending September 30. BlackRock, recognized as the world’s leading asset manager, is catapulting the growth of IBIT, which has now seen total net inflows surpassing $31.6 billion. This strategy reflects a bold commitment to tapping into the rising demand for Bitcoin exposure in the investment landscape. Analysts speculate that such moves will contribute to a stronger bullish trend in Bitcoin’s market performance going forward.
Newsletter
Get Every Weekly Update & Insights
[mc4wp_form id=]