BlackRock Invests $589 Million in Bitcoin & Ethereum as ETF Demand Soars

Blackrock has significantly invested in Bitcoin and Ethereum, adding a hefty $589 million to its holdings. This investment comes amidst increasing demand for crypto-focused exchange traded funds (ETFs). Blackrock received the funds from Coinbase within three days, marking a major move towards expanding their digital asset exposure. The company’s holdings now stand at 765,000 Bitcoin and 3.74 million Ethereum, reflecting an investment strategy that has seen significant growth in recent months.