BlackRock Buys Near $1 Billion In Bitcoin And Ethereum

Even with broader crypto markets feeling pressure from economic data and global tensions, asset management giant BlackRock has kept busy buying major digital assets. Two of the firm funds recently scooped up nearly $1 billion worth of Bitcoin and Ethereum combined.

On the Ethereum side, the iShares Staked Ethereum Trust added $13.9 million in ETH on September 10. This marked its twentieth straight day of positive inflows, bringing its total purchases to $250 million over a three week span. This strong run makes it a standout performer, especially while rival funds experienced withdrawals during the same period.

Meanwhile, the iShares Bitcoin Trust saw massive accumulation as well, pulling in nearly $687 million over a strong three day stretch. Although later days brought some outflows, the fund remains a major buyer of Bitcoin. Both funds show that institutional interest stays high, giving traders plenty of confidence to watch for further accumulation trends.