Blackrock Amasses 110K Bitcoins for ETF Amounting to $5.4B in Crypto Assets

Blackrock, renowned as the worlds largest asset manager, recently revealed that its spot Bitcoin exchange-traded fund (ETF), Ishares Bitcoin Trust (IBIT), has amassed a significant holding. As of February 14, IBIT boasted 109,609 bitcoins and $109,955 in cash, equating to approximately $5,453,917,345 in net assets. Rising Inflows and Market Impact On February 14 alone, spot Bitcoin ETFs garnered a substantial inflow of $339.8 million, with IBIT leading the charge with a net inflow of $224.3 million. Data compiled by Bitmex Research indicates that ten U.S. spot Bitcoin ETFs...

source: https://tokenpost.com/Blackrock-Amasses-110K-Bitcoins-for-ETF-Amounting-to-54B-in-Crypto-Assets-11254

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