BlackRock’s iShares Bitcoin Trust (IBIT) purchased another $256 million worth of Bitcoin on April 21, continuing its aggressive accumulation strategy. The move follows recent buys of 3,672 BTC and 3,899 BTC earlier in the week. With total holdings now valued at over $61 billion at around $76,000 per Bitcoin, IBIT remains the largest spot Bitcoin ETF. Strong weekly inflows of more than $600 million highlight rising institutional interest as major players steadily accumulate during market pullbacks.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Credit: Source link
