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BlackRock's Bitcoin Trust Adds $109 Million Worth of BTC

Guavy AI Editorial Team
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BTC
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BlackRock's iShares Bitcoin Trust (IBIT) reportedly added 1,404.5 BTC valued at about $109 million to its portfolio, according to an unconfirmed on-chain tracking source.

This significant addition highlights the growing interest of institutions in regulated Bitcoin exposure through spot ETFs.

IBIT is seen as a key indicator of institutional capital flows into Bitcoin, and such accumulation could tighten the available Bitcoin supply outside long-term custody.

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