đđInvestors Hopeful: BlackRock Bought Hundreds of Millions of Dollars in Bitcoin This Weekđđ
According to data from on-chain analytics platform Lookonchain, BlackRock has purchased a total of 5,894 BTC$BTC
($387.68 million) in the last three days, bringing its current Bitcoin holdings to 363,626 BTC ($23.68 billion).
Buying Bitcoin Since the Beginning of the Week
BlackRock's latest Bitcoin purchase was recorded as an investment of 1,434 BTC ($94.3 million). This move is considered an important indicator of the company's interest in crypto assets and increasing institutional investor demand.
Developments and purchase activities related to BlackRockâs Bitcoin exchange-traded fund IBIT (iShares Bitcoin Trust ETF) are being closely monitored in the crypto market. The transactions reflect the long-term confidence in Bitcoin and also show the increasing interest of institutional investors in cryptocurrencies.
In addition, BlackRock recently received new approval from the US Securities and Exchange Commission (SEC). The SEC allowed the listing and trading of options for BlackRockâs spot Bitcoin exchange-traded fund (ETF) on Nasdaq; the options for the iShares Bitcoin Trust fund will be traded under the symbol âIBITâ.
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