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BlackRock Buys $15.1M in Bitcoin, Secures $11 Trillion UK Approval for Bitcoin ETP

BlackRock, the world's largest asset manager with approximately $11 trillion in assets, has made significant moves in the cryptocurrency market
By: DeepNewz • April 01, 2025
BlackRock Buys $15.1M in Bitcoin, Secures $11 Trillion UK Approval for Bitcoin ETP

BlackRock, the world's largest asset manager with approximately $11 trillion in assets, has made significant moves in the cryptocurrency market. The firm has purchased $15.1 million worth of Bitcoin and has received approval to offer its Bitcoin Exchange-Traded Product (ETP) in the United Kingdom. This approval marks a pivotal step for BlackRock as it expands its cryptocurrency offerings, potentially influencing market dynamics and investor confidence in Bitcoin. The recent developments are seen as bullish for the cryptocurrency sector, reflecting growing institutional interest.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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