BlackRock, the world’s largest asset management company, has recently increased its Bitcoin holdings. The iShares Bitcoin Trust (IBIT) now holds 242,829 BTC, with assets under management totaling $15.5 billion.

According to reports, BlackRock’s Head of Digital Assets, Robert Mitchnick, stated that Bitcoin is the top priority for the company’s clients, followed by Ethereum.

For our clients, Bitcoin is overwhelmingly the number one priority. And then a little bit ethereum, and very little everything else.

Despite the crypto community’s desire for more crypto products from BlackRock, the company’s current focus remains on Bitcoin and Ethereum.

On March 21, IBIT saw a significant increase in capital inflows, adding $233.4 million to its balance sheet. This placed it ahead of investment products from Bitwise Asset Management and Valkyrie Bitcoin Fund.

However, the spot Bitcoin ETF sector experienced daily capital outflows of $93.8 million, with a total outflow of more than $835 million due to increased outflows from Grayscale Investments’ GBTC fund.

It’s important to stay informed about trends in the cryptocurrency market, especially with major players like BlackRock increasing their exposure to Bitcoin. Keep an eye on the latest news and updates to make informed investment decisions.

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