BlackRock Invests Heavily in Bitcoin and Ethereum via Spot ETFs
BlackRock has made significant investments in Bitcoin and Ethereum through its spot exchange-traded funds (ETFs), according to data from SoSoValue. The firm's iShares Bitcoin Trust (IBIT) has purchased $434.11 million worth of BTC over the past 20 days, with five days of cash inflows and eight days of outflows.
The net-purchased Bitcoin value for IBIT is valued at $59.28 billion, with BlackRock holding a total of 782,623.424 BTC as of its official updates.
In addition to its Bitcoin investments, BlackRock's iShares Ethereum Trust ETF (ETHA) has accumulated $222.92 million worth of ETH over the past three weeks. The firm now holds 3,527,868.675 ETH, valued at approximately $8.46 billion.