BlackRock Invests $1.17 Billion in BTC and ETH Over Two Days

BlackRock, a leading financial institution, has made significant investments in Bitcoin and Ethereum over the past two days. According to on-chain data from Lookonchain, BlackRock's ETF wallets received large inflows totaling approximately $1.17 billion.

The transactions show multiple batches of Bitcoin moving from Coinbase Prime into BlackRock's IBIT wallets, alongside Ethereum flowing into its ETHA-related addresses.

This activity aligns with the strong weekly ETF inflows reported earlier, including a $1.92 billion week for Bitcoin products.

The size of the two-day buying stands out as one of the larger institutional accumulation periods in recent months and comes as Bitcoin has rebounded sharply and overall market sentiment has improved.