BlackRock Invests $1 Billion in Bitcoin ETF, Fuels Market Surge

BlackRock’s recent $1 billion investment in the iShares Bitcoin Trust ETF marks a significant milestone for institutional adoption of Bitcoin. This bold move has sparked substantial market activity and fueled growth in the crypto landscape. Bitcoin’s market cap nears $2 trillion as the single-day influx represents the second largest since the ETF’s inception in January 2024. The impact extends beyond Bitcoin, with other altcoins like Fetch.ai witnessing increased trading volume.