BlackRock's IBIT purchases $65M in Bitcoin
Key Takeaways
- BlackRock clients invested $65million in Bitcoin in a single day.
- The purchases were made through BlackRock's spot Bitcoin ETF, iShares Bitcoin Trust (IBIT)
BlackRock’s IBIT took in around $65 million in Bitcoin on Monday, marking another significant institutional investment in the leading cryptocurrency through the asset management giant’s services.
BlackRock has been actively facilitating institutional access to Bitcoin through exchange-traded funds, enabling both institutional and retail investors to gain exposure to digital assets via established financial products.
The purchase reflects sustained Wall Street interest in Bitcoin during periods of price consolidation. Recent market discussions suggest such institutional accumulation by traditional finance players demonstrates growing confidence in Bitcoin’s role as a store of value.
Asset managers like BlackRock continue enabling broader institutional entry into Bitcoin, with these large-scale purchases potentially signaling support for renewed upward momentum in the cryptocurrency market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Partisan Dispute Over Health Insurance Subsidies Triggers Second Largest Government Shutdown on Record
- U.S. government shutdown hits 23rd day, second-longest in history, due to partisan disputes over Affordable Care Act subsidies. - 1.6 million federal workers furloughed or unpaid; Trump's RIF plan faces legal challenges for violating Antideficiency Act. - Economic losses exceed $41B as delayed data disrupts Fed policy; military payrolls face risks amid failed accounting measures. - Unions sue over politicized workforce cuts; $130M anonymous donation temporarily covers military pay but raises sustainabili
OpenAI's Shift to Profit: Will Nonprofit Governance Endure with Microsoft's $135B Investment?
- OpenAI completes for-profit restructuring, granting Microsoft a 27% stake valued at $135B while retaining nonprofit oversight via a $130B equity stake. - Microsoft secures extended IP rights to OpenAI models until 2030 or AGI verification, but loses exclusivity on consumer hardware and cloud infrastructure. - The deal includes $250B in Azure cloud purchases by OpenAI and resolves legal disputes, including Elon Musk's $100B acquisition bid and regulatory objections. - Critics question the nonprofit founda
Blazpay Presale Nears Its End: Investors Hurry to Secure Lower Prices Before Increase
- Blazpay's presale nears completion after raising $843.7K, with 76.1% of 157.3M tokens sold at $0.0075, ahead of a $0.009375 price increase in under a week. - The platform combines multichain trading (50+ blockchains), AI tools, and gamified rewards, attracting 800K+ users and 3M transactions with $200K in distributed rewards. - Tokenomics allocate 34% for public sales, 12% for team/advisory, and 16% for liquidity, with analysts projecting $0.011–$0.017 presale prices and $0.05–$0.09 post-listing. - Quill
Senate Stalemate: GOP Pushes to Resume Government Operations as Democrats Insist on Extending ACA Subsidies
- The U.S. government shutdown entered its 24th day as the Senate rejected a 13th funding bill, closing nonessential agencies and disrupting critical services. - Democrats demand extended ACA subsidies before supporting any bill, while Republicans insist on reopening the government first, deepening partisan gridlock. - Transportation delays and unpaid military salaries highlight growing impacts, with the Pentagon accepting a $130M donation to cover part of defense costs. - SNAP benefits face November freez
Trending news
MoreCrypto prices
More
