BlackRock, the largest asset manager globally, made a significant investment in Bitcoin by acquiring $91.6 million worth of shares in the iShares Bitcoin Trust ETF (IBIT). This purchase comprises over 2.5 million shares, marking a substantial vote of confidence in the cryptocurrency market.
The iShares Bitcoin Trust ETF has witnessed extraordinary growth, with a record-breaking influx of $230 million in a single day, reflecting a burgeoning interest and confidence among investors.
The ETF also recorded a staggering $5 billion in daily trading volume, highlighting its rapid ascent and appeal within the financial markets, potentially signaling a turning point for Bitcoin acceptance in mainstream finance.
