BlackRock IBIT Sees Record Inflow
BlackRock's institutional blockchain investment trust (IBIT) has seen significant inflows in recent times, according to an update. The IBIT fund managed by BlackRock witnessed a massive influx of $89.8 million.
This marks the latest development in the growing interest in cryptocurrency and blockchain-based investments from traditional finance institutions. The influx is likely to boost the overall value of the fund, which has been steadily increasing its assets under management.