BlackRock makes third-largest Bitcoin purchase since spot Bitcoin ETF launch
Key Takeaways
- BlackRock acquired $970 million in Bitcoin, its third-largest purchase since the spot Bitcoin ETF launch.
- The acquisition increases BlackRock's Bitcoin holdings via the iShares Bitcoin Trust (IBIT).
BlackRock, the world’s largest asset manager, executed its third-largest Bitcoin purchase since launching its spot Bitcoin ETF. On Monday, its iShares Bitcoin Trust (IBIT) raked in around $970 million in net inflows.
BlackRock has positioned its spot Bitcoin ETF as a key vehicle for traditional investors, enabling entry into cryptocurrency markets through familiar financial products. The fund has emerged as a standout performer among the company’s offerings.
Institutional giants increasingly favor spot Bitcoin ETFs over direct holdings, reflecting a shift toward regulated avenues for Bitcoin exposure. The funds provide direct price exposure without requiring personal custody of the digital asset.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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