BlackRock buys over $800 million of these two cryptocurrencies
BlackRock Inc. has purchased approximately $843.78 million worth of cryptocurrency through its spot exchange-traded funds — the iShares Bitcoin Trust (IBIT), iShares Ethereum Trust ETF (ETHA), and iShares Staked Ethereum Trust ETF (ETHB) — over the past 20 days.
Why it matters — This purchase shows BlackRock's ongoing activity in its cryptocurrency ETF products, which are relevant to the firm's broader fund business.