Key Takeaways
- BlackRock clients made a huge acquisition on January 5, buying 3,948 Bitcoin worth $372 million.
- The purchase showcases continued interest from institutional investors in Bitcoin.
BlackRock clients acquired 3,948 Bitcoin valued at approximately $372 million today, according to data tracked by Farside Investors.
The purchase reflects continued institutional accumulation of Bitcoin through BlackRock’s spot ETF product, the IBIT fund. The firm has positioned itself as a key facilitator of structured crypto exposure, settling transfers through platforms like Coinbase Prime.
US-listed spot Bitcoin ETFs recorded approximately $697 million in net inflows on Monday, representing their largest daily intake since October 7.
In addition to BlackRock’s IBIT, Fidelity’s FBTC fund posted major gains with $191 million in fresh investments. No funds reported outflows during the session.
Source: https://cryptobriefing.com/blackrock-clients-bitcoin-purchase-3719m/
