BlackRock's iShares Bitcoin Trust (IBIT) saw $108.44 million in Bitcoin purchases in one session, reflecting steady institutional demand. Since its 2024 launch, IBIT dominates the US spot Bitcoin ETF market, capturing 50-80% of inflows and surpassing competitors like Grayscale's GBTC. BlackRock acts as a conduit for client Bitcoin transactions, with holdings nearing 786,000 BTC. A 2026 product change lowered the minimum conversion threshold from $25M to $1M, broadening access to family offices and smaller investors, pushing in-kind conversions past $5 billion. This trend shows institutions are methodically allocating to Bitcoin similarly to gold ETFs.
BlackRock's Bitcoin demand is highlighted by $108 million in Bitcoin purchases through IBIT. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Sep 19, 2026 13:21 WIB: Out of 50 major cryptocurrencies priced on Pluang, 43 rose and 6 fell today. Notable movers include FIL (Filecoin) at Rp17.041 with a 12.02% increase and 86% buy order activity, BAL (Balancer) at Rp16.297 with an 11.14% rise, and VET (VeChain) at Rp145 with a 9.08% gain and a balanced buy/sell order split.
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