In the rapidly evolving world of cryptocurrency, exchange-traded funds (ETFs) linked to Bitcoin are emerging as a powerful investment vehicle, with both institutional and retail investors increasingly turning to these products for exposure to the leading cryptocurrency.
Read MoreIn a bold move, BlackRock, the issuer of the IBIT ETF, has acquired over $680 million in Bitcoin within just two days. This significant investment comes as IBIT, one of the most successful ETFs in the market, experiences a surge in price, reinforcing BlackRock's commitment to Bitcoin as a core element of its future strategies.
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