Blackrock’s Bitcoin Fund Tops 500,000 BTC as US ETFs Draw $353M in Inflows

On Monday, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) attracted $353.67 million in inflows, with Blackrock’s IBIT taking the top spot. IBIT now boasts over 500,000 BTC, valued at $47.68 billion based on current exchange rates. Wall Street’s Bitcoin Bonanza: Blackrock Leads $353M ETF Influx The inflows to spot bitcoin ETFs and ether ETFs … Read more

Blackrock Exec Debunks Bitcoin Myths: ‘It’s Not a Risk-on Asset’

Blackrock Inc.’s head of digital assets, Robert Mitchnick, recently shared his thoughts on bitcoin during a conversation with Yahoo Finance. Mitchnick stated that he doesn’t consider bitcoin to be a “risk-on asset.” His remarks coincided with the debut of Blackrock’s Ishares bitcoin exchange-traded fund (ETF) options on Nasdaq, signaling a significant development in the company’s … Read more