BlackRock's Bitcoin ETF Sees Record Inflows Amid Surging Prices
TL;DR Summary
BlackRock, the world's largest asset manager, is reportedly in talks to acquire a stake in Millennium, a major holder of spot bitcoin ETFs, as bitcoin prices surge towards $100,000. This move aligns with BlackRock CEO Larry Fink's strategy to integrate crypto and blockchain into Wall Street, viewing bitcoin as a distinct asset class. The surge in bitcoin prices is attributed to factors like Donald Trump's pro-bitcoin stance, expected Federal Reserve rate cuts, and increased Wall Street adoption, with BlackRock's IBIT fund seeing record inflows.
- Leak Reveals BlackRock Is Quietly Doubling Down On Bitcoin As The Price Suddenly Rockets Toward $100,000 Forbes
- BlackRock’s Bitcoin ETF Surpasses Gold Fund After Record Inflow Bloomberg
- BlackRock Fund Powers US Bitcoin ETFs to a Record Daily Inflow Yahoo Finance
- Bitcoin ETFs See Record $1.3B Inflows on Trump Win, Fed Rate Cuts CoinDesk
- BTC investors pour $1.1B into BlackRock ETF as Bitcoin marks another high Cointelegraph
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