BlackRock Invests $589 Million in Bitcoin & Ethereum: A Look at Institutional Crypto Trend

BlackRock, a leading financial institution, has significantly expanded its involvement in the cryptocurrency market by acquiring $589 million worth of Bitcoin (BTC) and Ethereum (ETH) from Coinbase (NASDAQ: COIN) in just three days. These investments, totaling 4,044 BTC and 80,121 ETH, represent a growing trend of institutional investment in digital assets as the market recovers and trading activity increases. Data compiled by Arkham reveals these purchases occurred over the past three days, highlighting BlackRock’s substantial commitment to crypto investments.