CandleFocus

$60,000,000,000 in Bitcoin: BlackRock Hits Historic BTC Milestone

BlackRock, the world's largest asset manager, now holds approximately $60 billion worth of Bitcoin through its iShares Bitcoin Trust. Recent data shows that Bitcoin ETFs have received a total of $188.7 million, with BlackRock receiving $154.6 million, representing 81% of net inflows. The CEO of BlackRock, Larry Fink, has expressed optimism about Bitcoin's potential and has been discussing it with a sovereign wealth fund. Additionally, BlackRock's $4 billion Ethereum ETF suggests a broader plan to invest in digital assets. Market analysts believe that BlackRock's significant Bitcoin investment could have a major impact on money flows and price setting. However, some remain cautious due to macroeconomic challenges and regulatory scrutiny.

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