BlackRock Doubles Down on Bitcoin, Fueling Market Rally Amidst Volatility

Despite broader market turbulence, BlackRock’s aggressive investment strategy continues to bolster Bitcoin prices. According to data from Arkham Research, BlackRock’s spot ETF IBIT added an additional $25 million in Bitcoin holdings. This follows a trend of increasing interest in the cryptocurrency as it trades above $83,300 on Friday, gaining around 1% despite the Nasdaq 100 experiencing another day of declines following trade tariffs.