📈 BlackRock Invests Heavily Through IBIT
In a new step towards confirming institutional confidence in Bitcoin, BlackRock's IBIT fund purchased 1,810 Bitcoins on September 16, for nearly $209.2 million.
This investment reflects the desire of institutions to engage in the digital sector through exchange-traded funds instead of direct transactions, allowing investors to enjoy exposure to the currency while simplifying the technical and regulatory aspects.
With relatively low management fees (around 0.25%) and BlackRock's reputation as a massive asset manager, IBIT seems to have become a key option for those wanting to be part of the future of digital assets.