TechFlow news, on July 8, according to CryptoSlate, BlackRock's Institutional Digital Dollar Liquidity Fund (BUIDL) is nearing $500 million in assets under management. Data from Dune Analytics shows the fund currently holds $491 million in assets and has captured nearly 30% of the market share since its launch in March.
Blockchain analytics platform IntoTheBlock noted that despite weak prices in major digital assets such as Bitcoin and Ethereum, BlackRock's BUIDL fund operating on the Ethereum network continues to attract new investors, with a minimum investment threshold of $5 million. On-chain data reveals that 16 wallets hold the fund's tokens, with 75% concentrated among the top five holders. Ondo Finance holds approximately 44.8% of the份额.
