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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

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Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

BlackRock Makes Huge Bet on Bitcoin: $91.6 Million Investment in IBIT ETF

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The post BlackRock Makes Huge Bet on Bitcoin: $91.6 Million Investment in IBIT ETF appeared first on Coinpedia Fintech News

BlackRock, the world’s biggest asset manager, has just dropped $91.6 million into the iShares Bitcoin Trust ETF (IBIT), buying over 2.5 million shares. This move comes as IBIT experiences a massive surge in popularity, attracting $230 million in just one day and breaking records with $5 billion in daily trading volume. With total assets now nearing $43 billion, IBIT is on a clear upward trajectory, and BlackRock’s strategic push into Bitcoin is making waves. Since its launch in January, the ETF has been on a roll, with BlackRock’s exposure to it growing rapidly since the firm announced its intentions back in March.

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