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Crypto

BlackRock Spends Big on Bitcoin Amid Market Rebound

Guavy AI Editorial Team
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BTC
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BlackRock's massive buying spree in Bitcoin has resumed since the cryptocurrency's record high in October 2025. The asset manager's iShares Bitcoin Trust (IBIT) attracted $208.9 million in net inflows on August 24, accounting for about 62% of the day's total Bitcoin ETF inflows of $337.6 million.

This surge coincided with Bitcoin's rally above $80,000, marking one of the strongest recoveries in the digital asset market this year. The cryptocurrency has gained more than 20% over the past week as institutional demand accelerated and ETF flows surged.

BlackRock's clients bought a total of $1.33 billion worth of Bitcoin last week, with investors adding capital every trading day. U.S. spot Bitcoin ETFs collectively drew $1.92 billion in the same period, their largest weekly intake since October 2025.

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