The post Blackrock and Fidelity lead the financial transition appeared on BitcoinEthereumNews.com.

Among the names that dominate the transition to the digital world, we find giants like BlackRock and Fidelity, which are making significant strides in purchasing Bitcoin and launching investment products linked to the cryptocurrency. One of the most remarkable movements in this field is BlackRock’s Bitcoin ETF, known as IBIT, which recently set a new record with a daily inflow of a whopping 875 million dollars on October 30. This institutional interest shows no signs of waning and is changing the cryptocurrency landscape, attracting the attention of private and institutional investors from all over the world. BlackRock and the IBIT record: a growth signal for Bitcoin October 30 marked a turning point for BlackRock’s IBIT ETF, which reached the largest daily inflow of 875 million dollars. This inflow surpassed the previous record of 849 million set in March, demonstrating a growing interest in exposure to Bitcoin through traditional financial instruments. The record is not just an isolated peak, but the culmination of a thirteen-day trend of consecutive positive inflows for the fund, demonstrating a strong and continuous institutional appreciation towards Bitcoin. Since the launch of IBIT, BlackRock has raised over 4.08 billion dollars in new investments, a figure that clearly speaks to the growing appetite of institutions for Bitcoin. This Bitcoin ETF represents a reliable option for many institutions to gain exposure to the digital asset without having to directly purchase cryptocurrencies, thus eliminating the need to manage digital wallets and the security of private keys. BlackRock is not the only institution that is showing a growing interest in Bitcoin. Fidelity, another giant in asset management, has started to include Bitcoin in its offerings for institutional clients, proposing innovative solutions to meet the demand for exposure to Bitcoin. Fidelity has, in fact, expanded its crypto service offering with a secure…

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Filed under: News - @ November 1, 2024 6:27 pm