BlackRock buys over $1.5 billion of Bitcoin and Ethereum in five trading days
- —IBIT drew $1.19 billion for the week, with assets at $67.25 billion
- —ETHA added $320.45 million, net assets reached $9.74 billion
- —ETHB attracted $15.64 million, assets at $1.15 billion
- —US spot BTC ETFs took in $2.653 billion, ETH ETFs $680.72 million
Why it matters: BlackRock remains the largest institutional buyer of BTC and ETH via ETFs, underpinning demand as the market added $260 billion.
Source: Finbold