BlackRock’s Bitcoin ETF: Driving the Market With Strategic Buyout Strategy

BlackRock’s iShares Bitcoin Trust (IBIT) has become a force to be reckoned with, attracting over $65 billion in assets since its launch. This success is evident in BlackRock’s ability to buy during periods of market uncertainty when other funds are selling, like on Wednesday this week, where they purchased 3,510 BTC while others remained inactive. Arkham Intelligence explains the reasons behind this strategy.