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Заголовок BlackRock Goes on a Bitcoin Buying Spree: Purchases Over $680 Million in BTC
Дата 20241018

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BlackRock Goes on a Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Buying Spree: Purchases Over $680 Million in BTC

BlackRock, the issuer of the IBIT ETF, acquired more than $680 million in
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin in the last two days. This comes as IBIT, one of the most successful
ETFs, is spiking in price.

BlackRock s executives have praised Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, and it seems to play a key
role in the firm s future strategies.

BlackRock s Massive Purchases

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According to data from Lookonchain, ETF issuer BlackRock has been buying
immense quantities of Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin). The first of these purchases took place
on October 15, purchasing over $294 million worth of the asset. BlackRock
followed this up with an even larger purchase the next day, at over $390
million.

Read More: Who Owns the Most Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin in 2024? BlackRock s Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
Holding. as of October 16. Source: X (Twitter)

BlackRock s continued enthusiasm for BTC should come as little surprise
due to the stupendous success of its IBIT Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin ETF. This month, Eric
Balchunas declared IBIT one of the top ETF performers of the decade, with over
$25 billion AUM. The Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin ETF market, in general, has been surging this
week, but IBIT was the clear leader .

Several members of BlackRock s leadership have also praised Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin this
October . BlackRock’s US Head of Thematics and Active ETFs, Jay Jacobs,
predicted a $30 trillion BTC market in the coming years. Its CEO, Larry Fink,
also called Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin an independent asset class in an earnings
call, promising future growth in the firm s strategy.

We will continue to pioneer new products to make investing easier and
more affordable,” Fink stated.

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BlackRock has already been building an impressive stockpile of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin,
rivaling Binance s. Essentially, because IBIT is a spot ETF, BlackRock
will need to hold a corresponding amount of BTC if it wishes to keep minting
its product.

Read More: What Is a Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin ETF?

On Thursday, IBIT received an inflow of $309 million, the highest amongst all
the spot Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin ETFs. According to data from SoSoValue, so far this week, it
has recorded $1.07 billion in inflows.

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