JPMorgan Chase has made a substantial increase in its investment in the BlackRock Bitcoin ETF, iShares Bitcoin Trust (IBIT), raising its holdings to 5.28 million shares valued at $343 million.
Read MoreJPMorgan Chase has made a substantial increase in its investment in the BlackRock Bitcoin ETF, iShares Bitcoin Trust (IBIT), raising its holdings to 5.28 million shares valued at $343 million.
Read MoreEric Balchunas, a senior ETF analyst at Bloomberg, recently shared insights on BlackRock's operational diligence regarding its Bitcoin ETF. On the X platform, he highlighted that BlackRock runs its own blockchain node and conducts nightly checks of Bitcoin balances from wallet addresses at Coinbase Prime.
Read MoreIn recent discussions surrounding Bitcoin ETFs, macro strategist Jim Bianco's assertion that the adoption rate is “small” has been met with counterarguments from industry experts.
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