BlackRock’s $24 billion Bitcoin flywheel is moving BTC liquidity with 800% growth
PositiveCryptocurrency

BlackRock's iShares Bitcoin Trust has seen an impressive $23.8 billion in net inflows this year, showcasing a significant shift in Bitcoin liquidity. The firm's tokenized U.S. Treasury fund, BUIDL, has also experienced remarkable growth, expanding by 800% over the past 18 months. This surge positions BlackRock among the top asset gatherers in the ETF market, highlighting the increasing interest and investment in cryptocurrency. Such developments are crucial as they indicate a growing acceptance of Bitcoin in mainstream finance, potentially paving the way for further innovations in the financial sector.
— Curated by the World Pulse Now AI Editorial System