- BlackRock's iShares Bitcoin Trust (IBIT) amassed $15.5 billion in 71 days but saw a halt in new investments on April 24, marking its first day without inflows since launching.
- Among the 11 U.S.-registered Bitcoin ETFs, only the Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) saw inflows.
One of the world’s largest asset managers, BlackRock, has been hitting the headlines lately for both good and not-so-good reasons.
Recently, the BlackRock iShares Bitcoin Trust (IBIT) has been in the spotlight for accumulating nearly $15.5 billion in investments within 71 days since its launch on January 11. However, this influx of daily million-dollar investments halted on April 24 when BlackRock recorded no new inflows.
According to SoSoValue, among the 11 U.S.-registered Bitcoin ETFs, only the Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) saw inflows, receiving $5.6 million and $4.2 million respectively, while others experienced a dry spell.
In other news, the HBAR Foundation announced the tokenization of BlackRock's ICS U.S. Treasury money market fund on the Hedera blockchain in collaboration with Archax. This led to a misunderstanding on social media that BlackRock had chosen Hedera for the tokenization, causing a significant rise in Hedera's native HBAR token value.
📈💡 A recent misinterpretation of an announcement involving @BlackRock and @Hedera caused a notable surge in the price of Hedera's $HBAR token.
— Newzchain, a Blockchain Powered Media Platform (@NewzchainHQ) April 25, 2024
This event underscores how sensitive financial markets are to news and the critical importance of accurate information dissemination.… pic.twitter.com/5DIidJrqnO
Edited by Harshajit Sarmah
