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Crypto

BlackRock Scoops Up Over $1.5 Billion for Its Bitcoin and Ethereum ETFs

Guavy AI Editorial Team
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BlackRock's Bitcoin and Ethereum exchange-traded funds (ETFs) attracted over $1.5 billion in fresh capital during the five trading sessions ending August 28.

The iShares Bitcoin Trust (IBIT), managed by BlackRock, saw net inflows of $938.3 million, while its Ethereum funds ETHA and ETHB drew a combined $644.3 million.

This brings the total to over $1.58 billion in just one week, as cryptocurrency ETFs experience one of their best stretches this year.

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