Market News / Story
BlackRock ETF clients buy $69.85 million in Bitcoin
Crypto Briefing ·
Crypto Briefing reports: BlackRock's Bitcoin ETF clients went shopping again. This time, the receipt came to $69.85 million worth of Bitcoin. When investors put money into a spot Bitcoin ETF, the fund doesn't park that cash. It buys actual Bitcoin to back the new shares. The $69.85 million figure reflects exactly that conversion. For scale, this purchase sits below some of IBIT's bigger days this year. The trust took in $195.6 million on October 1 and logged a $183.41 million inflow in…