BlackRock Invests Over $90 Million in iShares Bitcoin Trust ETF
BlackRock, the largest asset management firm globally, recently reported a significant investment in the iShares Bitcoin Trust ETF (IBIT), acquiring 2,535,357 shares worth $91.6 million.
Data from Farside indicates that the ETF saw an influx of $230 million in new investments on Wednesday alone.
Analyst Eric Balchunas highlighted the impressive performance of IBIT , with its trading volume reaching a record $5 billion, making it one of the top three most traded ETFs on that day.
As of the latest update, IBIT is rapidly approaching $30 billion in total inflows, with its net assets currently valued at $42.56 billion.
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MoonPay Unveils New Payment Solution to Bridge Fiat and DeFiBlackRock first revealed plans to include IBIT exposure in other funds earlier this year, after the product’s launch in January, which has since seen exceptional market activity.
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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