BlackRock hits record with over $10.6 trillion AUM, up $1.2 trillion year over year! 🚀
- CEO Larry Fink said that BlackRock's ETF fund received a record amount of investment in early 2024.
- BlackRock's iShares Bitcoin Trust (IBIT) holds $19.4 billion in BTC, accounting for 35.2% of the Bitcoin ETF market in the US.
- The buying and selling behavior of large funds like BlackRock can strongly affect the price of BTC.
ETF inflows increased sharply
- In the second quarter of 2024, investors bought $83 billion of BlackRock's ETFs, bringing this year's total to more than $150 billion.
- Revenue increased 8% and operating income increased 11% compared to the previous year.
Bitcoin ETF inflows are positive again
- After 3 weeks of outflows, Bitcoin ETF inflows are positive, helping BTC price exceed $60,000.
- BlackRock led inflows with $120 million last Friday.
What do you think about the future of BTC? Comment! 💬#Crypto#Bitcoin#BlackRock#ETF