Blackrock increases its Bitcoin ETF investments, crossing the $1.2 billion threshold. Blackrock bolsters Bitcoin ETF holdings to surpass $1.2 billion milestone

Blackrock has expanded its Bitcoin investment within its Exchange-Traded Fund (ETF), now possessing a notable total of 28,622 Bitcoin after acquiring an extra 3,555 Bitcoin. The Blackrock iShares Bitcoin ETF has garnered attention by being the first fund of its kind to exceed the $1 billion mark, and it has maintained its growth, reaching a current estimated value of $1.2 billion. The latest information on this was provided in January. On the 16th, BlackRock increased the fund’s Bitcoin holdings by 8,705 BTC. The latest data indicates that the smallest quantity of Bitcoin has been contributed to the fund since its initial day, when 2,621 BTC were deposited. The BlackRock IBIT Bitcoin Holdings provided this information (Source: ishares.com). Most Recent Discoveries