BlackRock makes third-largest Bitcoin purchase since spot Bitcoin ETF launch

Bitget App

Trade smarter

Bitget

News

Markets

BlackRock makes third-largest Bitcoin purchase since spot Bitcoin ETF launch

Cryptobriefing2025/10/07 10:36

By:Cryptobriefing

Key Takeaways

BlackRock acquired $970 million in Bitcoin, its third-largest purchase since the spot Bitcoin ETF launch.
The acquisition increases BlackRock's Bitcoin holdings via the iShares Bitcoin Trust (IBIT).

BlackRock, the world’s largest asset manager, executed its third-largest Bitcoin purchase since launching its spot Bitcoin ETF. On Monday, its iShares Bitcoin Trust (IBIT) raked in around $970 million in net inflows.

BlackRock has positioned its spot Bitcoin ETF as a key vehicle for traditional investors, enabling entry into cryptocurrency markets through familiar financial products. The fund has emerged as a standout performer among the company’s offerings.

Institutional giants increasingly favor spot Bitcoin ETFs over direct holdings, reflecting a shift toward regulated avenues for Bitcoin exposure. The funds provide direct price exposure without requiring personal custody of the digital asset.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Quick Take Summary is AI generated, newsroom reviewed. Solana and BNB Chain stablecoin supply hit all-time highs of $15.3B and $13.9B, signaling strong DeFi activity. Rising stablecoin circulation reflects expanding blockchain liquidity and DeFi market growth across both networks. The surge underscores growing confidence in scalable blockchains and their role in the future of decentralized finance.References 🚨BREAKING: $SOL & $BNB Chain stablecoin supply just hit ATHs! $SOL's stablecoin supply just hit a

coinfomania•2025/10/08 08:09

PancakeSwap's Chinese account compromised, advises against link interactions

Cryptobriefing•2025/10/08 07:33