Bitcoin ETF

Bitcoin

BlackRock

BNP Paribas, the second largest bank in Europe, took a major step in the digital asset market by buying BlackRock’s Spot Bitcoin ETF shares. According to a recent <a href="https://fintel.io/i13f/bnp-paribas-arbitrage/2024-03-31-0" target="_blank" rel="noreferrer noopener" data-wpel-link="external">filing</a> with the U.S. Securities and Exchange Commission (SEC), BNP Paribas bought 1,030 IBIT shares of BlackRock during the first quarter of 2024. 
Furthermore, the multinational bank spent over $40 per share, totaling $42,684 for the acquisition. This amount isy lower than the price of a single Bitcoin, which is currently trading at over $58,000. 
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 🚨BREAKING🚨 EUROPE’S SECOND LARGEST BANK, BNP PARIBAS, PURCHASED BLACKROCK SPOT ETF BULLISH MOVE FROM EUROPE🚀— Ash Crypto (@Ashcryptoreal) <a href="https://twitter.com/Ashcryptoreal/status/1786007748179599415?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">May 2, 2024</a>
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This year, BlackRock’s support of Spot Bitcoin ETFs in the United States was a turning point for the digital asset industry. Presented to the market along with other options, BlackRock’s IBIT was one of the most successful introductions.&nbsp; 
BNP Paribas is the first major investment in the BlackRock Bitcoin ETF, prompting other sizable organizations to genuinely consider digital assets. This advancement signifies a shift in traditional finance towards embracing cryptocurrency investments. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read:<a href="https://www.cryptotimes.io/2024/05/02/blackrock-bitcoin-etf-records-first-37m-outflow-on-may-1/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal"> BlackRock Bitcoin ETF Records First $37M Outflow on May 1</a> 
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European Banking Giant Embraces BlackRock’s Bitcoin ETF

The Crypto Times

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