BlackRock's BUIDL Fund Pays Out $7 Million in Dividends Since March Launch

IconCryptoNewsTerminal Staff01 Aug, 2024

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BlackRock's BUIDL Fund Pays Out $7 Million in Dividends Since March Launch

BlackRock's Ethereum-based tokenized fund, BUIDL, has distributed $7 million in dividends to its investors since its launch in March. CoinsTelegraph reports that BUIDL paid out $265,000 in dividends in March, $1.21 million in April, $1.67 million in May, $1.82 million in June, and $2.12 million in July. This reflects a steady increase in shareholder payouts. BUIDL is managed by BlackRock's blockchain and digital assets division, BC. The fund invests in publicly traded companies involved in the development of blockchain technology and digital assets. The distribution of these dividends indicates the fund is performing well and is a positive sign for the growing adoption of blockchain technology and digital assets.

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