Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
BlackRock Acquires $530 Million in Bitcoin for ETF

BlackRock Acquires $530 Million in Bitcoin for ETF

TheccpressTheccpress2025/05/22 18:24
By:in Bitcoin News
Key Takeaways:
  • BlackRock’s $530 million Bitcoin inflow sparks market interest.
  • Largest investment since early May.
  • Bitcoin approaches $112,000 following this purchase.
BlackRock’s Significant Bitcoin Investment Sparks Market Interest

BlackRock’s massive Bitcoin purchase underscores growing institutional confidence in cryptocurrencies, sparking positive market reactions and pushing Bitcoin close to record highs.

BlackRock’s iShares Bitcoin Trust (IBIT) recorded a substantial single-day Bitcoin inflow of $530 million on May 21. This marks the largest inflow since early May, signaling increased institutional interest.

IBIT acquired approximately 4,931 BTC, significantly exceeding the 450 BTC mined that day. BlackRock’s ETF has shown consistent growth, with no recent outflows.

Bitcoin’s price soared to $111,897 on Coinbase following this inflow. ETFs such as Fidelity’s also observed heightened activities, indicating a market-wide trend.

“All the Bitcoin ETFs are elevated, most are gonna see 2x their average flows incoming.” — Eric Balchunas, ETF Analyst, Bloomberg.

The substantial influx is attributed to Bitcoin’s price rally and Bloomberg analysts expect ETF volumes to reach levels last seen in January, aligning with Bitcoin’s market highs.

Current trends suggest continued institutional interest may enhance Bitcoin’s market role. BlackRock’s actions demonstrate a pivotal shift towards cryptocurrency as a mainstream asset class, as market analysis indicates regulated ETF products suggest growing mainstream acceptance.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

0

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: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

SLPUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/23 11:57

Notice: Maintenance for VND deposit service

Bitget Announcement2025/07/21 12:30