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BlackRock bought more than $680 million of bitcoin in two days, boosting the value of its IBIT ETF. IBIT, a leading Bitcoin ETF, surpassed $10 billion in AUM, praised for its strong ten-year performance. BlackRock's leadership considers Bitcoin crucial, with CEO Fink calling it an "independent asset class."
BlackRock, the issuer of the IBIT ETF, has purchased over $680 million worth of Bitcoin in the last two days. This is because IBIT, one of the most successful ETFs, is increasing in value.
BlackRock executives praise Bitcoin and it appears to play a key role in the company's future strategies.
Huge BTC purchases
ETF issuer BlackRock has purchased massive amounts of Bitcoin (BTC), according to data from Lookonchain. The first of these purchases took place on October 15, acquiring assets worth over $294 million. The next day, BlackRock made an even larger purchase, for over $390 million.
BlackRock bought more than $680 million of bitcoin in two days, boosting the value of its IBIT ETF. IBIT, a leading Bitcoin ETF, surpassed $10 billion in AUM, praised for its strong ten-year performance. BlackRock's leadership considers Bitcoin crucial, with CEO Fink calling it an "independent asset class."
BlackRock, the issuer of the IBIT ETF, has purchased over $680 million worth of Bitcoin in the last two days. This is because IBIT, one of the most successful ETFs, is increasing in value.
BlackRock executives praise Bitcoin and it appears to play a key role in the company's future strategies.
Huge BTC purchases
ETF issuer BlackRock has purchased massive amounts of Bitcoin (BTC), according to data from Lookonchain. The first of these purchases took place on October 15, acquiring assets worth over $294 million. The next day, BlackRock made an even larger purchase, for over $390 million.
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