The post BlackRock just bought $357 million of these 2 cryptocurrencies appeared on BitcoinEthereumNews.com.

BlackRock, the world’s largest asset manager with over $11.5 trillion in assets under management, has once again demonstrated its deepening commitment to digital assets. According to on-chain data, BlackRock recently acquired 2,704 BTC (worth approximately $283.9 million) and 28,239 ETH (valued at $73.2 million). BlackRock’s iShares Bitcoin Trust ETF (IBIT) sees record inflows This strategic accumulation comes as BlackRock’s iShares Bitcoin Trust ETF (IBIT) rapidly climbs the ranks, now sitting among the top 25 ETFs globally by assets under management, with $72.4 billion amassed in just 1.4 years.  Bloomberg ETF analyst Eric Balchunas highlighted IBIT’s “record-setting” inflows, $15.5 billion in just the first three months, putting it among the top ten ETFs in history for consistent inflow streaks. Here’s a table of the Top 25 biggest ETFs and their age. At 1.4 yrs old $IBIT is youngest on list by NINE times. It’s like an infant hanging out with teenagers and twenty-somethings. Quite poss the most insane IBIT stat yet (and there are many) via @SirYappityyapp pic.twitter.com/w63XSkD7f6 — Eric Balchunas (@EricBalchunas) June 3, 2025 In a further sign of institutional momentum, the Moscow Exchange (MOEX) announced it would debut Bitcoin futures linked to BlackRock’s IBIT ETF, available to accredited investors starting June 4, 2025.  This offers Russian institutional clients a regulated channel to gain exposure to Bitcoin without holding the asset directly via a product tied to the world’s most dominant Bitcoin ETF. Featured image via Shutterstock Source: https://finbold.com/blackrock-just-bought-357-million-of-these-2-cryptocurrencies/

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Filed under: News - @ June 5, 2025 9:27 am