BlackRock adds $1.57 billion in Bitcoin to the IBIT fund within a month
The BlackRock Bitcoin IBIT fund has continued to record new purchases of the digital currency, after it bought $195.6 million worth of Bitcoin in a single day.
According to circulated data, IBIT’s net Bitcoin purchases amounted to about $1.57 billion over the past month, reflecting the ongoing flow of funds into the fund.
iShares Bitcoin Trust (IBIT) is BlackRock’s spot Bitcoin trust, allowing investors to gain exposure to Bitcoin price movements through an exchange-traded product, without having to buy and store the currency directly.#Bitcoin❗
The BlackRock Bitcoin IBIT fund has continued to record new purchases of the digital currency, after it bought $195.6 million worth of Bitcoin in a single day.
According to circulated data, IBIT’s net Bitcoin purchases amounted to about $1.57 billion over the past month, reflecting the ongoing flow of funds into the fund.
iShares Bitcoin Trust (IBIT) is BlackRock’s spot Bitcoin trust, allowing investors to gain exposure to Bitcoin price movements through an exchange-traded product, without having to buy and store the currency directly.#Bitcoin❗
