Continued ETF inflows could help push Bitcoin to an all-time high, which the asset came within $200 of on Oct. 29.
BlackRock’s spot Bitcoin exchange-traded fund (ETF) has surpassed $30 billion in holdings, reflecting increasing demand for the world’s leading cryptocurrency.
The world’s largest asset manager reached the $30 billion mark less than 10 months after launching its Bitcoin ETF, which began trading on Jan. 10.
BlackRock currently holds more than 417,000 Bitcoin (BTC) worth over $30.4 billion at today’s valuation, data shows.
