BNP Paribas, Europe’s 2nd Largest Bank, Acquires Bitcoin ETF Shares from BlackRock: Unveiling BTC Investment Strategy

• BNP Paribas, the second-largest bank in Europe, has made its first known investment in Bitcoin via BlackRock’s iShares Bitcoin Trust (IBIT).
• The bank purchased 1,030 IBIT shares in Q1 2024, marking a significant shift in its stance towards cryptocurrencies.
• Despite recent outflows from Bitcoin ETFs, this move by BNP Paribas may signal a growing interest from institutional investors.

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