Blackrock the trillionaire asset management Fund, have bought more than 359,000 Bitcoin since it started to offer Exchange Traded Funds (ETFs) products to their customers in january of 2024, and they are still acquiring it!
Just yesterday, Arkham intelligence observed that they purchased more 182 BTC worth more than $11M to their IBIT ishares product.
From January to September, Blackrock have purchased more than $23 billion worth in Bitcoin and cemented their position as one of the largest HODLers of BTC from all times in market and, the "King" of the ETFs!
Their vision is to keep buying and offering liquidity to their customers ensuring that nothing goes wrong on their product, IBIT. Recently they amended with Coinbase to be sure to release Bitcoin from customers on 12 hour notice, after clients showed concerns with the Blackrock custodian stating that the exchange take a lot more time processing on-chain settlements.
It's astonishing how powerful Blackrock have become in just nine months in market and compulsively acquiring Bitcoin and keep themselves as one of the best and largest ETF in the market. As the train goes, Blackrock doesn't show signs of stopping and will definitely continue buying BTC and become more stronger than ever in the market. Remember:
CONTENT IS KING!
