Global #IBIT

JPMorgan has introduced a new structured note linked to the performance of BlackRock's spot Bitcoin ETF (IBIT), signaling increasing institutional acceptance of cryptocurrency.

BlackRock’s spot Bitcoin ETF, IBIT, has experienced a notable shift, recording net outflows this week, suggesting sustained profit-taking by large investors even as Bitcoin (BTC) attempts a short-term price recovery.

Texas has advanced its plan to create a dedicated Texas Strategic Bitcoin Reserve by purchasing $5 million worth of BlackRock’s iShares Bitcoin Trust (IBIT) ETF.

According to recent filings, Harvard University has significantly expanded its exposure to Bitcoin, increasing its holdings in BlackRock's IBIT spot Bitcoin ETF to 6.8 million shares, valued at $442.8 million as of September 30.

The sharp downturn in the cryptocurrency market has triggered a major institutional retreat, highlighted by record-breaking outflows from the BlackRock iShares Bitcoin Trust (IBIT).

Harvard University's endowment, managed by the Harvard Management Company, increased its investment in the iShares Bitcoin Trust ETF (IBIT) by over 250% during the third quarter.