BlackRock all set to become the world’s top Bitcoin fund

BlackRock is on a tear towards claiming the top spot as the world’s largest Bitcoin fund manager, transitioning from initial doubts about cryptocurrencies to setting ambitious goals in the cryptocurrency industry. BlackRock launched its spot Bitcoin exchange-traded fund (ETF) just four months ago and has already scooped up an impressive $16.7 billion in assets. This new fund is catching on quickly with crypto hedge funds and market makers, who are now using it as collateral for trading various cryptocurrencies. BlackRock has been bolstering its position in the crypto market through various strategic moves. 

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