ETF issuer and asset management agency BlackRock is expanding its Bitcoin portfolio with billions of greenbacks in recent investments.
Per Arkham Intelligence info, on June 17, BlackRock purchased $250 million price of Bitcoin (BTC). The acquisition is allotment of a broader accumulation scuttle that has now spanned six consecutive days, bringing the agency’s total Bitcoin funding for the length of this era to $1.4 billion.
BLACKROCK BUY STREAK: $1.4 BILLION OF BTC FOR 6 DAYS STRAIGHT
BlackRock equipped over $250M of BTC currently, bringing their scuttle as a lot as $1.4 Billion.
BlackRock has now equipped BTC for 6 days in a row. pic.twitter.com/VjbtlcSGk9
— Arkham (@arkham) June 17, 2025
The shopping for spree comes alongside a wave of inflows into BlackRock’s iShares Bitcoin Believe (IBIT), which has continuously led all space Bitcoin ETFs in salvage inflows over the past week. On the a connected day as its most contemporary BTC buy, IBIT recorded approximately $639.2 million in salvage inflows, even as varied fundamental issuers cherish Fidelity, ARK, and Bitwise posted important outflows.
The robust influx of funds and actual shopping for additionally put collectively a fundamental milestone for IBIT, which currently became the quickest alternate-traded fund in history to surpass $70 billion in sources below management (AUM). The fund reached that impress in correct 341 days, crushing the old narrative of 1,691 days space by the SPDR Gold Shares ETF.
At press time, Bitcoin is trading at $104,589, down roughly 5% over the past week as mounting geopolitical tensions weigh on broader market sentiment. BlackRock’s accumulation scuttle means that institutional quiz stays robust and that the agency is at risk of be capitalizing on the brand new impress dip to amplify its holdings.
With the most contemporary purchases, IBIT now manages approximately $74.8 billion in sources and holds 670,295 Bitcoin in its portfolio.
Past BlackRock, loads of susceptible financial heavyweights are additionally doubling down on Bitcoin. Plan, the biggest corporate holder of BTC, currently made a $1.05 billion buy, reinforcing its long-time duration bullish stance.
Other fundamental avid gamers, including Japan-essentially based MetaPlanet and Europe’s The Blockchain Team, bear additionally continued to grow their Bitcoin holdings, signaling widening institutional adoption across world markets.
