Tag: Blackrock
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BlackRock’s iShares Bitcoin Trust Sees Record Bitcoin Outflows
BlackRock’s iShares Bitcoin Trust (IBIT) recorded its largest single-day outflow on January 2, signaling a volatile start to 2025 for crypto ETFs. A massive $332.62 million exited the fund that day, marking the highest outflow since its inception on January 11, 2024. This surge in withdrawals extended IBIT’s outflow streak to three consecutive days, with…
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BlackRock Secures Commercial License in Abu Dhabi
BlackRock, the global investment giant and issuer of the iShares Bitcoin Trust ETF, has obtained a commercial license to operate in Abu Dhabi. The move signals the company’s growing interest in the Middle East, a region known for its crypto-friendly policies and rapid technological advancements. Charles Hatami, BlackRock’s Middle East head, emphasized the advantages of…
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BlackRock’s spot Bitcoin ETF bought $391.8M worth of $BTC.
This week has seen a surge in demand for U.S. spot Bitcoin ETFs, with BlackRock’s Bitcoin ETF ($IBIT) hitting a major milestone. Total inflows into IBIT have reached $22.5 billion since its inception. On Wednesday, BlackRock scooped up 5,805 BTC, with inflows soaring to $393.4 million in just one day. The surge in inflows reflects…
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BlackRock Bitcoin ETF sees $13.5M in outflows.
BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), experienced net outflows of $13.5 million on August 29, marking its first major loss in four months. This downturn follows similar outflows in May, where the fund saw losses totaling $36.9 million. The outflows are notable given the ETF’s popularity among retail traders seeking…
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BlackRock to Dominate Ethereum ETFs
BlackRock is poised to dominate the future Ethereum ETFs market by offering a fee of just 0.25%, significantly lower than many competitors. This bold strategy has the potential to revolutionize the industry and bring substantial benefits to investors. The surge in volume can take place with big institutions eyeing big moves. Read more about it…