BlackRock's Bitcoin ETF Expands with Major Bank Partners as Assets Surpass $16 Billion

• BlackRock's Bitcoin ETF has added several major US banks as partners, including Goldman Sachs, UBS, Citi, and Citadel

• Goldman's involvement is notable since its executives have previously derided crypto, though it has a digital assets division

• The new partners join a list including Jane Street, Virtu, JP Morgan, and others

• The additions likely reflect the success and strong flows into Bitcoin ETFs since launching in January

• BlackRock's Bitcoin ETF now holds over $16 billion in assets, absorbing over $12 billion in flows since launch