BlackRock has reported a notable increase in the holdings of its spot Bitcoin ETF, known as IBIT, which has reached 391,484.1137 BTC by October 21. This significant accumulation reflects growing institutional interest and confidence in Bitcoin as an investment vehicle.
The report from COINOTAG on October 22 highlights BlackRock's ongoing investments in Bitcoin, showcasing the company's strategic move to strengthen its crypto portfolio. This development could encourage other institutional investors to consider similar actions, thereby impacting the broader cryptocurrency market.
Source: en.coinotag.com ↗