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New data reveals that one of the biggest banks in the world is acquiring shares of asset manager BlackRock\u2019s spot market Bitcoin (BTC<\/a>) exchange-traded fund (ETF).<\/p>\n In a new filing<\/a> with the U.S. Securities and Exchange Commission (SEC), France-based BNB Paribas \u2013 the ninth-largest bank in the world \u2013 purchased 1,030 shares of the iShares Bitcoin Trust (IBIT) for a total of $41,684.<\/p>\n According to the filing, the global banking institutions\u2019 investment into IBIT is down just under 20% since it was bought at the end of March.<\/p>\n \u201cBNB Paribas filed a 13F-HR form disclosing ownership of 1,030 shares of iShares Bitcoin Trust valued at $41,684 as of March 31, 2024. The current value of the position is $33,362\u201d <\/em><\/p>\n Bids to create spot market BTC exchange-traded products (ETPs) were approved<\/a> by the SEC in January after years of the regulatory agency rejecting them. Spot market BTC ETFs give investors exposure to the top crypto asset by market cap without them having to purchase the asset itself.<\/p>\n Other financial giants that launched BTC ETFs include VanEck, BitWise, Fidelity, and Cathie Wood\u2019s ARK Invest.<\/p>\n Previously, data from the research branch of crypto exchange BitMEX found<\/a> that in February, BlackRock drove a record-breaking day in terms of inflows into BTC ETFs. According to BitMEX, on February 28th, BTC ETFs saw $673 million worth of net inflow.<\/p>\n Bitcoin is trading for $59,255 at time of writing, a 4.5% increase during the last 24 hours.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Featured Image: Shutterstock\/eliahinsomnia<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" New data reveals that one of the biggest banks in the world is acquiring shares of asset manager BlackRock\u2019s spot market Bitcoin (BTC) exchange-traded fund (ETF). In a new filing with the U.S. Securities and Exchange Commission (SEC), France-based BNB Paribas \u2013 the ninth-largest bank in the world \u2013 purchased 1,030 shares of the iShares […]<\/p>\n","protected":false},"author":2,"featured_media":59983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-294556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/294556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=294556"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/294556\/revisions"}],"predecessor-version":[{"id":294558,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/294556\/revisions\/294558"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/59983"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=294556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=294556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=294556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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