BlackRock Invests $131M in Bitcoin, Signaling Institutional Shifts in Crypto Market

BlackRock has made a significant move in the cryptocurrency market by depositing $131 million worth of Bitcoin into Coinbase. This action follows substantial Bitcoin transfers totaling over 5,362 BTC over two days and represents a crucial shift in BlackRock’s institutional strategy within the dynamic crypto landscape. The company’s large-scale investments signal a deliberate realignment of its investment strategies, impacting both market sentiment and liquidity dynamics.