BlackRock scooped up over $600 million of these cryptocurrencies in a week
As the cryptocurrency market showed minimal strength over the past week, institutional investors continued to exhibit interest in several assets, as evidenced by net inflows into BlackRock’s spot exchange-traded funds (ETFs). In this line, the world’s largest investment manager accumulated more than $600 million worth of cryptocurrencies in a week, led by strong inflows into its iShares Bitcoin Trust (IBIT) and modest buying in the iShares Ethereum Trust ETF (ETHA). Data for the period between March 9 and March 13 shows that BlackRock’s Bitcoin ETF attracted about $600.1 million in net inflows
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