Ethena Labs' BUIDL fund of BlackRock has exceeded 1 billion US dollars

According to Arkham, Ethena Labs recently increased its holdings by $225 million in BlackRock BUIDL-I class tokens, bringing its total amount of BUIDL tokens to over $1 billion. The BUIDL fund is issued jointly by BlackRock and Securitize, primarily investing in U.S. Treasury bonds, cash and repurchase agreements, aiming to provide stable returns for investors.