BlackRock’s Bitcoin ETF Just Had One of Its Best Days to Date

BlackRock's blockbuster Bitcoin ETF managed to secure $525.5 million worth of inflows on Thursday, logging one of its most successful days to date.

As reported by U.Today, the asset manager giant's Bitcoin ETF product surpassed $20 billion in assets under management on Thursday.

BlackRock CEO Larry Fink praised Bitcoin as a portfolio diversified while comparing the largest cryptocurrency to gold.

Overall, Bitcoin ETFs recorded $533 million worth of inflows on Thursday, with BlackRock, of course, accounting for the vast majority of the aforementioned sum.

The community behind the largest cryptocurrency is enthusiastic ahead of the upcoming Bitcoin conference that is on track to take place in Nashville. Tesla CEO Elon Musk is rumored to take part in the much-anticipated event.

However, Bitcoin is down 1.4% over the past 24 hours, according to CoinMarketCap data.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].

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