Institutional demand for Bitcoin strengthened sharply on Friday as BlackRock’s spot Bitcoin ETF recorded its largest single-day inflow in nearly three months, signaling renewed confidence in crypto-linked investment products. BlackRock’s iShares Bitcoin Trust (IBIT) attracted $287.4 million in inflows, marking its biggest daily haul since Oct. 8, 2024, according to
The clients associated with BlackRock amassed 3,199 Bitcoins on the first day of the newfound institutional buying in the crypto markets on January 3. The total purchases estimated at $280 million were processed via the settlement infrastructure linked to the custodian services of the famous US crypto exchange, Coinbase Prime.
The USD Institution Digital Liquidity Fund, called BUIDL, from BlackRock has reached a notable milestone today in the tokenized finance space, having exceeded $2 billion in Assets Under Management, while distributing over $100 million in cumulative dividends. This makes BUIDL one of the most successful tokenized RWA products running on
Through a $10 million strategy, Texas has come into the Bitcoin market in a measured way. On the 20th of November, the state invested $5 million in a spot Bitcoin ETF by BlackRock. In addition to this, $5 million is reserved for acquisition of Bitcoin under self-custody. Texas Finalizes Self-Custody
Bitcoin-related exchange-traded funds in the U.S. are going through a very tough time in the month of November, with their performance being at its lowest level since the funds were introduced in January 2024. The November withdrawals have amounted to $3.79 billion, which is significantly higher than the record of
BlackRock has registered its iShares Staked Ethereum Trust in Delaware, an important step forward for staking-type crypto investment products. Bloomberg analyst Eric Balchunas noted that the registration could soon lead to a formal filing under the Securities Act of 1933. BlackRock has previously gone through the same process for both
Amidst the market volatility that has led to widespread investor withdrawals, Harvard University has radically increased its exposure to crypto-assets by more than 250% in the case of its Bitcoin ETF. The billionaire college’s daring maneuver is a clear indication that institutional investors are becoming more and more confident in
BlackRock has added Bitcoin tokens worth over $400 million to its portfolio. The move is possibly a reaction to recent reports of an upcoming rate cut and Citibank’s estimate for BTC price. BlackRock’s report underlines the market value of its holdings to more than $90 billion as of early October
Ted Pillows has underlined a massive outflow from Spot Ether ETF. He has drawn an association with the ETH sale by BlackRock. Meanwhile, ETF price is attempting a recovery after heavy declines. The token has lost the closest resistance margin but is estimated to reverse the ongoing trend. Outflow from
BlackRock bought Ether tokens a day after it sold them. The recent purchase has come at a time when ETH price is starting to mark upticks. A rise in the ETH price is likely due to the US Federal Reserve announcing a rate cut. The price of Ethereum token is
