BlackRock Deepens Crypto Investments Amidst Nasdaq Decline

Despite the Nasdaq 100 experiencing consecutive losses, BlackRock’s IBIT spot ETF has continued to purchase Bitcoin, highlighting institutional confidence in cryptocurrency markets. The company recently added $25 million worth of Bitcoin at a time when Bitcoin experienced a minor 12% decline but held its own compared to the tech-heavy Nasdaq’s 16% drop. This demonstrates BlackRock’s long-term commitment to Bitcoin and reflects broader institutional interest in digital assets. The company has seen significant growth since its launch, achieving a 78% increase in value.