BlackRock’s Bitcoin ETF Attracts $5 Billion Over 20 Days, Goldman Sachs Increases Stake as Bitcoin Hits $104,368

BlackRock’s iShares Bitcoin Trust (IBIT) has achieved a record-breaking streak of net inflows over the past 20 trading days, attracting over $5 billion in new funds, the longest such streak for any spot bitcoin ETF this year. This surge has contributed to the ETF’s holdings reaching 625,000 Bitcoin, reflecting strong institutional interest in cryptocurrency. Goldman Sachs has significantly increased its exposure to Bitcoin through IBIT, boosting its holdings by 28% to a total of $1.4 billion, with 30.8 million shares, making it the largest known owner of BlackRock’s spot Bitcoin ETF. This move underscores the growing confidence among major financial institutions in digital assets. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant