IBIT
BlackRock’s Bitcoin ETF Inflows Fall to Zero, BTC Drops
On April 24, BlackRock’s spot Bitcoin exchange-traded fund (ETF), which trades under the ticker IBIT on Nasdaq, recorded zero net inflows for the first time since its launch in the United States on January 11. IBIT has continuously attracted millions of dollars in daily investments, totaling about $15.5 billion in just 71 days. Out of […]
Stanford’s Blyth Fund Invests 7% Portfolio in Bitcoin
Stanford University’s student-run Blyth Fund has made a major investment in Bitcoin, allocating almost 7% of its portfolio to Bitcoin. Kole Lee, a Computer Science Major and a prominent figure in the Stanford Blockchain Club announced the decision on March 5. This followed his compelling pitch to the fund in February. Stanford Endowment has bought […]
BlackRock’s IBIT Bitcoin ETF Suppresses $2B AUM in Just Ten Days
BlackRock’s iShares Bitcoin ETF (IBIT) has become the first of the recently launched spot Bitcoin ETFs to reach an impressive $2 billion in assets under management (AUM) in just 10 days of trading, as reported by Bloomberg Terminal data. BlackRock currently holds approximately 50,000 BTC through its ETF, making it one of the major holders […]