BlackRock buys $640 million worth of Bitcoin

On June 17, BlackRock’s iShares Bitcoin Trust ETF (IBIT) recorded $639 million in inflows, having added 6,088 Bitcoin (BTC) to its holdings.  Since its inception in January 2024, IBIT’s cumulative inflows have amounted to over $50.67 billion. With roughly 670,295 BTC under management, the fund now commands roughly 54% of the total U source: https://finbold.com/blackrock-buys-640-million-worth-of-bitcoin/