Beyond $BUIDL, BlackRock’s influence in the digital currency market is growing. The firm has made headlines with the launch of the iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF. Following the US SEC’s approval in January, IBIT drove a wave of institutional investment into the Bitcoin ETF market. Amid Bitcoin’s recent bull run, IBIT has seen significant capital inflows, hitting $40 billion in assets in record time.