BlackRock Bitcoin ETF | Crypto

Fidelity and Morgan Stanley’s Bitcoin ETFs also saw a combined $68.2 million in inflows, while four other Bitcoin ETFs also tallied inflows on Thursday. Investors piled $269.3 million into BlackRock’s iShares Bitcoin Trust on Thursday, in its best-performing day since early March, around the time the US-Iran war started to kick into high gear.  The inflows helped to end two days of net outflows among the 12 US spot Bitcoin ETFs, which recorded a net inflow of $358.1 million. Bitcoin ETF inflows are just one way to gauge retail and institutional demand for Bitcoin. Read more

BlackRock's Chief Executive Larry Fink told shareholders this year that digital assets, alongside private markets, insurance, and active ETFs, could each become $500 million revenue generators for the firm within five years. According to him: “Private markets to insurance, private markets to wealth, digital assets, and active ETFs, we think these can all be $500 […] The post BlackRock Bitcoin ETF empire surging past $100 billion was fastest ever hinting at a $200B tipping point appeared first on CryptoSlate.