Comment
Author: Admin | 2025-04-27
In January of this year, the US Securities and Exchange Commission (SEC) approved the first crypto-based ETF in the United States. With a plethora of issuers for the inaugural Spot Bitcoin ETF, BlackRock was among the most notable, with many pondering just how much BTC the asset manager holds in 2024.JUST IN: BlackRock has purchased 359,279 #Bitcoin worth over $23 billion since January 2024.— Watcher.Guru (@WatcherGuru) September 25, 2024BlackRock stands alone in regard to traditional finance firms that have turned to Bitcoin this year. Indeed, the $10 trillion asset manager’s CEO, Larry Fink, went as far as to call the leading crypto ‘digital gold.” Thus, clearly reinforcing his belief in its staying power amid a shifting finance sector.Also Read: BRICS: BlackRock Says Crypto Can Protect Against US Economic CrisisBlackRock Has Bought How Much Bitcoin in 2024 So Far?Bitcoin has dominated 2024 so far. The asset has continued to prove its worth as the cryptocurrency sector has received growing interest. In March of this year, the token reached an all-time high of $73,000. Yet, many believe that record could be in jeopardy with October gains right around the corner.With Bitcoin’s immense prominence, and BlackRock’s renewed interest, just how much BTC has the firm acquired in 2024? The $10 trillion asset manager launched its iShares Bitcoin Trust ETF (IBIT) in January, and has seen its Bitcoin holdings increase along with its continued rise.Source: Financial News LondonAlso Read: Tether Generated More Profit Than BlackRock in 2023According to Apollo Bitcoin Tracker data, BlackRock currently holds 359,278 BTC. Moreover, that stash currently holds a value of more than $22.9 billion. However, that figure is expected to increase throughout this year. This is especially true as the firm’s ETF continues to be among the most successful.Over the last 24 hours, BlackRocks IBIT ETF has seen more
Add Comment