BlackRock Clients Acquire 3,948 Bitcoin Worth $372 Million
- BlackRock clients purchased 3,948 Bitcoin valued at approximately $372 million.
- This acquisition highlights ongoing interest from institutional investors in Bitcoin.
- The purchase was made through BlackRock’s spot ETF product, the IBIT fund.
- US-listed spot Bitcoin ETFs saw net inflows of about $697 million on Monday, marking the largest daily intake since October 7.
- Fidelity’s FBTC fund also reported significant gains with $191 million in fresh investments during the same session.
The substantial acquisition of Bitcoin by BlackRock clients underscores persistent institutional demand for cryptocurrency exposure. The investment through BlackRock’s IBIT fund contributes to a record net inflow day for US-listed spot Bitcoin ETFs.
Source (3.2)https://cryptobriefing.com/blackrock-clients-bitcoin-purchase-3719m/?rand=59535
