BlackRock's IBIT Holds 620,252 Bitcoin After $2.5 Billion Weekly Buy, Total Value Tops $58 Billion
By: defi news|2025/05/07 02:00:09
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BlackRock has significantly expanded its Bitcoin holdings, with recent regulatory filings revealing over $5.4 billion in Bitcoin-related assets. The asset manager's iShares Bitcoin Trust ETF (IBIT) has been a major driver of this accumulation.During the week ending May 2, 2025, BlackRock's IBIT purchased $2.5 billion worth of Bitcoin, including a single-day inflow of $674.91 million on May 2. IBIT reportedly captured all inflows among Bitcoin ETFs that day.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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