BlackRock Goes on a Bitcoin Buying Spree: Purchases Over $680 Million in BTC

BE[IN]CRYPTO13:01

BlackRock bought over $680 million in Bitcoin over two days, boosting its IBIT ETF, a top market performer. IBIT, a leading Bitcoin ETF, has exceeded $25 billion AUM, praised for its strong decade-...

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BlackRock, the issuer of the IBIT ETF, acquired more than $680 million in Bitcoin in the last two days. This comes as IBIT, one of the most successful ETFs, is spiking in price.BlackRock’s executives have praised Bitcoin, and it seems to play a key role in the firm’s future strategies.BlackRock’s continued enthusiasm for BTC should come as little surprise due to the stupendous success of its IBIT Bitcoin ETF. This month, Eric Balchunas declared IBIT one of the top ETF performers of the decade, with over $25 billion AUM. The Bitcoin ETF market, in general, has been surging this week, but IBIT was the clear leader.On Thursday, IBIT received an inflow of $309 million, the ","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HODL":"VanEck Bitcoin Trust ETF","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","IBIT":"iShares Bitcoin Trust","FDN":"First Trust Dow Jones Internet I","LU1291159041.SGD":"CPR Invest - Global Silver Age A2 Acc SGD-H","IE00BVYPNV92.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) ACC","BITB":"Bitwise Bitcoin ETF","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","IE00BGHQF631.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) ACC","IE00B3PB1722.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) INC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BITO":"ProShares Bitcoin ETF","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","BK4594":"比特币ETF概念","BTC":"Grayscale Bitcoin Mini Trust","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","IE00BVYPNW00.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) ACC","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","EZBC":"Franklin Bitcoin ETF","IE00BDGV0183.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) INC","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","LU1509826696.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) INC B","BRRR":"Valkyrie Bitcoin Fund","BTCO":"Invesco Galaxy Bitcoin ETF","BK4535":"淡马锡持仓","LU0772969993.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) ACC","BTCW":"WisdomTree Bitcoin Fund","LU0742537680.HKD":"FIDELITY GLOBAL DIVIDEND \"A \" (HKD) INC","BK4550":"红杉资本持仓","LU1481011671.HKD":"FIDELITY GLOBAL DIVIDEND \"A\" (HKDHDG) INC","BK4135":"资产管理与托管银行","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","DEFI":"Hashdex Bitcoin ETF","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","BLK":"贝莱德","SHAP.U":"Spree Acquisition Corp. I Ltd.","BK4581":"高盛持仓","BK4504":"桥水持仓","FBTC":"Fidelity Wise Origin Bitcoin Fund","GBTC":"Grayscale Bitcoin Trust"},"translate_title":"贝莱德继续比特币收购狂潮：购买超过6.8亿美元的BTC","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHAP.U":1,"IBIT":1,"BTC":1,"BLK":1,"FDN":0.9,"BRRR":0.6,"BITO":0.6,"BTCO":0.6,"BTCW":0.6,"DEFI":0.6,"EZBC":0.6,"FBTC":0.6,"GBTC":0.6,"HODL":0.6,"BITB":0.6},"content_text":"BlackRock bought over $680 million in Bitcoin over two days, boosting its IBIT ETF, a top market performer.\nIBIT, a leading Bitcoin ETF, has exceeded $25 billion AUM, praised for its strong decade-long performance.\nBlackRock's leadership envisions Bitcoin as pivotal, with CEO Fink calling it an \"independent asset class.\"\n\nBlackRock, the issuer of the IBIT ETF, acquired more than $680 million in Bitcoin in the last two days. This comes as IBIT, one of the most successful ETFs, is spiking in price.\nBlackRock’s executives have praised Bitcoin, and it seems to play a key role in the firm’s future strategies.\nBlackRock’s Massive Purchases\nAccording to data from Lookonchain, ETF issuer BlackRock has been buying immense quantities of Bitcoin (BTC). The first of these purchases took place on October 15, purchasing over $294 million worth of the asset. BlackRock followed this up with an even larger purchase the next day, at over $390 million.\nRead More: Who Owns the Most Bitcoin in 2024?\nBlackRock’s Bitcoin Holding. as of October 16. Source: X (Twitter)\nBlackRock’s continued enthusiasm for BTC should come as little surprise due to the stupendous success of its IBIT Bitcoin ETF. This month, Eric Balchunas declared IBIT one of the top ETF performers of the decade, with over $25 billion AUM. The Bitcoin ETF market, in general, has been surging this week, but IBIT was the clear leader. \nSeveral members of BlackRock’s leadership have also praised Bitcoin this October. BlackRock’s US Head of Thematics and Active ETFs, Jay Jacobs, predicted a $30 trillion BTC market in the coming years. Its CEO, Larry Fink, also called Bitcoin an “independent asset class” in an earnings call, promising future growth in the firm’s strategy.\n\n“We will continue to pioneer new products to make investing easier and more affordable,” Fink stated.\n\nBlackRock has already been building an impressive stockpile of Bitcoin, rivaling Binance’s. Essentially, because IBIT is a spot ETF, BlackRock will need to hold a corresponding amount of BTC if it wishes to keep minting its product.\nRead More: What Is a Bitcoin ETF?\nOn Thursday, IBIT received an inflow of $309 million, the highest amongst all the spot Bitcoin ETFs. According to data from SoSoValue, so far this week, it has recorded $1.07 billion in inflows.\n\n\n\n\nTop crypto projects in the US | October 2024\n\n\n\nCoinbase\nExplore\n\n\n\n\n\n\nCoinrule\nExplore\n\n\n\n\n\n\n3Commas\nExplore\n\n\n\n\n\n\nUphold\nExplore\n\n\n\n\n\n\nChain GPT\nExplore\n\n\n\n\n\n\n\n\n\nTop crypto projects in the US | October 2024\n\n\nCoinbase\n\n\n\n\n\n\n\n\nCoinrule\n\n\n\n\n\n\n\n\n3Commas\n\n\n\n\n\n\n\n\nUphold\n\n\n\n\n\n\n\n\nChain GPT","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.0","shortVersion":"4.29.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2476401354"}