According to TechFlow, on July 8, CryptoSlate reported that the assets under management of BlackRock's US Institutional Digital Liquidity Fund (BUIDL) are about to reach $500 million. According to Dune Analytics, the fund currently holds $491 million in assets and has occupied nearly 30% of the market share since its launch in March.

Blockchain analysis platform IntoTheBlock pointed out that despite the sluggish prices of major digital assets such as Bitcoin and Ethereum, BlackRock's BUIDL fund operated on the Ethereum network is still attracting new investors with a minimum entry amount of $5 million. On-chain data shows that 16 wallets hold the fund's tokens, of which 75% are concentrated in the hands of the top 5 holders. Ondo Finance owns about 44.8% of the share.