BlackRock Bitcoin ETF Acquires 5,250 BTC Amid Rising Demand
- BlackRock Bitcoin ETF purchased 5,250 BTC from the open market, totaling $528 million in inflows.
- The ETF’s net assets under management reached $55.691 billion since its launch in early 2025.
- Thursday’s net inflows were $626 million, with BlackRock capturing 85% of this share.
- Bitcoin price exceeded $100K, trading at $101,334 with a market cap over $2 trillion.
- Fidelity reduced its Canada Bitcoin ETF fee to match BlackRock’s at 32bps.
The BlackRock Bitcoin ETF’s acquisition of 5,250 BTC highlights strong institutional demand as Bitcoin prices surge past $100K. The ETF now manages $55.691 billion in assets within a year of its launch.
Source (2.6)https://coingape.com/blackrock-bitcoin-etf-scoops-5250-btc-major-btc-price-rally-coming/?rand=24432