BlackRock Buys $1.12 Billion in Bitcoin, Largest Inflow Ever, 8,690 BTC

Nov 12, 2024, 03:22 AM

BlackRock made a significant move in the cryptocurrency market by purchasing $1.12 billion worth of Bitcoin, marking their largest Bitcoin inflow to date. On November 11, BlackRock's Bitcoin ETF (IBIT) saw $763.6 million worth of inflows. U.S. ETFs collectively bought $1 billion worth of Bitcoin, totaling 13,940 BTC, with BlackRock contributing $736 million, Fidelity $135 million, Bitwise $43 million, and Ark $109 million. BlackRock's total purchase amounted to 8,690 Bitcoin.