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In a recent SEC<a href="https://t.co/IchaTmOfF9" rel="noopener noreferrer nofollow">filing</a>, BlackRock, the world's largest asset manager, disclosed that it had purchased 2,535,357 shares of iShares Bitcoin Trust ETF (IBIT) valued at $91.6 million.
SoSoValue data shows that BlackRock's IBIT attracted $230 million worth of inflows on Wednesday.
According to analyst Eric Balchunas, the red-hot ETF product logged $5 billion in daily trading volume yesterday, setting a new record. Notably, only three ETFs saw more trading activity on Wednesday.
Following the most recent update, BlackRock's IBIT is now inching closer to $30 billion worth of cumulative inflows. Its total net assets currently stand at $42.56 billion.
BlackRock first<a href="https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1738078/000119312524057885/d718346d497.htm" rel="noopener noreferrer nofollow">disclosed</a> its intention to add IBIT exposure to other funds back in March.
The record-shattering product was launched back in January. <a href="https://u.today/blackrock-discloses-new-position-in-ibit" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

BlackRock Discloses New Position in IBIT

U_Today

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