$BTC

BlackRock Bitcoin ETF has become the gold standard for institutions looking to seek exposure to BTC. Goldman Sachs is one of the biggest holders of IBIT shares currently in the market. In the latest development, $1.2 trillion asset manager Blackstone Investments disclosed purchases of over $1 million worth of IBIT shares.

Blackstone revealed holding 23,094 shares of BlackRock’s iShares Bitcoin Trust ETF (IBIT) as of March 31. These shares are part of Blackstone’s Alternative Multi-Strategy Fund (BTMIX), which manages $2.63 billion in assets. This massive institutional inflow puts IBIT in the list of top five US ETF funds, by inflows, this year.