Blackstone Makes First Crypto Move With Investment in BlackRock’s Bitcoin ETF

Blackstone Makes First Crypto Move With Investment in BlackRock’s Bitcoin ETF

Blackstone has made its first move into crypto markets, purchasing shares in BlackRock’s IBIT, a spot Bitcoin exchange-traded fund.

BlackRock has propelled its Bitcoin ETF (IBIT) from 47th to 5th place worldwide in terms of annual net flows, with $8.9 billion in inflows since January, including $6.5 billion in one month. With $66.9 billion of assets under management, IBIT is now heeling the VTI, SPLG and SGOV mastodons, and surpassing some of State Street's products in a daily flow rate. The massive return of flows to Bitcoin ETFs marks a turning point, IBIT capturing 7.4 of…

BlackRock’s IBIT ETF Set to Surpass Satoshi as Top Bitcoin Holder

BlackRocks iShares Bitcoin Trust ETF (IBIT) could soon become the largest Bitcoin holder, potentially overtaking the pseudonymous creator Satoshi Nakamoto by next summer, according to Bloomberg ETF analyst Eric Balchunas. The ETF, managed by the worlds leading asset manager, currently holds 636,108 BTCa number growing rapidly with institutional inflows. Satoshi Nakamoto, widely believed to have mined around 1.12 million BTC in Bitcoins early day…