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Crypto

BlackRock Swoops Up $900 Million in Crypto Inflows

Guavy AI Editorial Team
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BTC ETH
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BlackRock has attracted nearly $900 million into its spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) over five trading sessions, pointing to increased institutional demand for digital assets despite ongoing market volatility.

The data shows that BlackRock's spot Bitcoin ETF, IBIT, recorded net inflows of $693.5 million, while its spot Ethereum ETF, ETHA, attracted an additional $203 million, resulting in a combined total of $896.5 million.

This represents a significant milestone for the company as it solidifies its position as the dominant player in the U.S. spot crypto ETF market.

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