Blackstone Makes First Crypto Move With Investment in BlackRock’s Bitcoin ETF

Description

Key Takeaways: Blackstone makes first direct crypto investment. The asset manager has added Bitcoin ETFs and crypto ATM shares. BlackRock’s IBIT leads U.S. Bitcoin ETFs in inflows. Blackstone, the world’s largest alternative asset manager, has made its first move into crypto markets, purchasing shares in BlackRock’s iShares Bitcoin Trust (IBIT), a spot Bitcoin exchange-traded fund. According to a May 20 filing with the U.S. Securities and Exchange Commission, Blackstone acquired 23,094 IBIT shar...