BlackRock scooped up over $1 billion of these cryptocurrencies in a week
Finbold • • business
Key Points:
- BlackRock invested over $1 billion in Bitcoin and Ethereum through its spot ETFs between January 12 and January 16, with $1.04 billion allocated to Bitcoin via its iShares Bitcoin Trust (IBIT).
- The iShares Bitcoin Trust saw a significant inflow midweek, attracting over $600 million in a single session, offsetting a day of outflows during the period.
- BlackRock’s iShares Ethereum Trust (ETHA) added approximately $219 million worth of Ether, including a notable $150 million inflow on January 15 after initial modest outflows.
- Combined, BlackRock’s crypto ETF purchases totaled around $1.25 billion for the week, coinciding with positive market trends and inflows
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