BlackRock clients acquire 3,948 Bitcoin valued at $372M
Crypto Briefing
BlackRock clients bought 3,948 Bitcoin worth $372 million, fueling significant institutional interest.Summary
Clients of BlackRock acquired 3,948 Bitcoin, valued at about $372 million, according to data from Farside Investors. This significant purchase highlights the ongoing institutional accumulation of Bitcoin through BlackRock's spot ETF product, the IBIT fund, which utilizes platforms like Coinbase Prime for settling transfers. This inflow occurred on a day when US-listed spot Bitcoin ETFs collectively saw about $697 million in net inflows, marking their largest single-day intake since October 7. Fidelity’s FBTC fund also saw substantial investment, with $191 million in fresh capital, and no funds reported any outflows during the session.
(Source：Crypto Briefing)