BlackRock’s BUIDL Fund Hits Over $2 Billion

BlackRock’s venture capital fund, known as the BUIDL Fund, has recently reached an impressive milestone. According to on-chain data from BlockBeats, the fund’s assets have grown to $1.9498 billion, exhibiting significant growth of over $14 million in just the last week. Over the past 30 days, the fund’s holdings have surged by a staggering 191.71%. The fund aims to provide opportunities for institutional investors with a minimum investment requirement of $5 million and offers an annual percentage yield (APY) of 4.50%. Management fees range from 0.20% to 0.50%.