BlackRock’s Spot BTC ETF Breaches $30bn Amid Demand Surge

BlackRock’s spot Bitcoin exchange-traded fund (ETF) has exceeded $30 billion in holdings, underscoring the growing demand for Bitcoin among institutional investors. The world’s largest asset manager reached this milestone less than 10 months after launching its Bitcoin ETF, which began trading on Jan. 10. Currently, BlackRock holds over 417,000 Bitcoin, valued at around $30.4 billion based on today’s market price. Bitcoin ETF inflows have accelerated as the U.S. presidential election on Nov. 5 approaches. On Oct. 29, Bitcoin ETFs saw cumulative net inflows of $870 million, marking the second-highest daily inflow since March 12, when ETFs recorded over $1 billion