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BlackRock makes a move in Australia: Bitcoin ETF log in, institutional get on board accelerates
BlackRock officially listed the IBIT Bitcoin ETF on the Australian Securities Exchange (ASX) this week, with a management fee of only 0.39%. It may seem unremarkable, but the signal behind this is quite significant: large institutions are giving Bitcoin the green light globally.
The US market has been sampled.
IBIT's transcript in the United States:
Australia is just the beginning. BlackRock has simultaneously launched the bond ETF (AGGG) with a management fee of 0.18%, betting on the demand for fixed income products from global investors in an era where they seek returns and diversification.
Large institutions are really taking action
The data that best illustrates the problem:
Even more impressive: BlackRock announced a net inflow of $205 billion in mid-October, acquiring $165 billion in client assets after acquiring HPS, and conveniently repurchasing $375 million of its own stock. This is institutions expanding their territory.
The True Nature of This Wave of Institutional Influx
The words of BlackRock executives reveal the substance: Bitcoin is now seen as a “risk hedging tool for multi-asset portfolios” rather than purely a “digital gold” speculation.
From the data, the iShares Bitcoin Trust ETF has increased by 16.74% over the past year, with a fluctuation range of $38-$71. Although it dropped by 2.67% this week, the institutional attitude is long-term.
In simple terms: Institutions are coming in not to gamble for short-term profits, but to vote with real money for the long-term value of Bitcoin. This step by Australia is another piece in BlackRock's global strategy.