Summary
- BlackRock reported that it has additionally purchased 365 Bitcoins worth $30 million through its Bitcoin spot Exchange Traded Fund (ETF).
- While the U.S. Bitcoin spot ETF recorded a net outflow of $170.77 million, BlackRock IBIT saw a net inflow of $30.99 million.
- This indicates BlackRock's continued investment and trust in Bitcoin.
The world's largest asset manager, BlackRock, has purchased an additional $30 million (approximately 43 billion KRW) worth of Bitcoin (BTC).
According to Cointelegraph on the 17th, BlackRock bought 365 Bitcoins through its Bitcoin spot Exchange Traded Fund (ETF) on the 16th (local time). At the current price, this amounts to $30.6 million.
Meanwhile, the U.S. Bitcoin spot ETF recorded a net outflow of $170.77 million (approximately 240 billion KRW) on the previous day (16th). However, BlackRock IBIT saw a net inflow of $30.99 million.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul![[Exclusive] South Korea’s FSS to look into ZKsync coin after a 1,000% surge in just three hours](https://media.bloomingbit.io/PROD/news/073d8ae6-ffa0-4b8b-85dd-3f131d9eb908.webp?w=250)
