Key dealers
- Blackrock acquired $ 970 million in Bitcoin, its third largest purchase since Lot Bitcoin ETF launch.
- The acquisition increases Blackrock’s Bitcoin holding via Ishares Bitcoin Trust (Ibit).
Blackrock, the world’s largest asset manager, completed his third largest Bitcoin purchase since he started his spot bitcoin ETF. On Monday, its Ishares Bitcoin Trust (Ibit) shaved about $ 970 million in net inflows.
Blackrock has placed its Spot Bitcoin ETF as a key vehicle for traditional investors, which enables entry into Cryptocurrency markets through familiar financial products. The fund has emerged as a prominent artist among the company’s offers.
Institutional giants are increasingly favoring Tot Bitcoin ETFs over direct holdings, which reflects a shift towards regulated paths for exposure to bitcoin. The funds provide direct price exposure without requiring personal custody of digital access.
