Crypto
BlackRock's Crypto ETFs Draw Record $1.51 Billion in Investor Demand
BlackRock's Bitcoin and Ether exchange-traded funds (ETFs) have seen significant investor demand, attracting over $1.51 billion in combined net inflows from September 17 to 23.
The iShares Bitcoin Trust ETF (IBIT) accounted for approximately $1.19 billion of the total inflows during this period, while the iShares Ethereum Trust ETF (ETHA) added $320.45 million.
The figures highlight a strong interest in U.S. crypto market exposure among investors, but it's essential to note that these inflows do not necessarily mean BlackRock purchased the underlying cryptocurrencies for its corporate balance sheet.