Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
BlackRock Adds 1,000 BTC to Its Spot Bitcoin ETF

BlackRock Adds 1,000 BTC to Its Spot Bitcoin ETF

Coinomedia2025/10/24 10:33
By: Ava NakamuraAva Nakamura
BTC+0.97%
BlackRock buys 1,000 Bitcoin worth $107.8M for its spot ETF on Oct. 23, signaling strong institutional interest.Why This Buy MattersInstitutional Confidence Is Growing
  • BlackRock purchased 1,000 BTC worth $107.8 million.
  • The buy was made for its spot Bitcoin ETF on Oct. 23.
  • This move reflects growing institutional confidence in Bitcoin.

Institutional investment in Bitcoin just received a powerful vote of confidence. On October 23, asset management giant BlackRock acquired 1,000 BTC valued at $107.8 million for its spot Bitcoin ETF. This notable purchase underscores the company’s growing belief in the long-term potential of Bitcoin and marks another milestone in institutional adoption.

Why This Buy Matters

BlackRock’s decision to expand its holdings through its spot Bitcoin ETF sends a strong message to the market . It indicates that big players aren’t just experimenting with Bitcoin—they’re doubling down.

This buy wasn’t a quiet one either. As the market closely tracks institutional moves, this $107.8 million BTC acquisition added momentum to bullish sentiment around the cryptocurrency. While Bitcoin’s price continues to fluctuate, large-scale buys like this often act as confidence boosters for retail investors and institutions alike.

🔥 NOW: BlackRock spot Bitcoin ETF bought 1,000 $BTC worth $107.8M on Oct. 23. pic.twitter.com/4vlxm2ivKO

— Cointelegraph (@Cointelegraph) October 24, 2025

Institutional Confidence Is Growing

BlackRock is among several traditional financial firms that have launched spot Bitcoin ETFs, a significant development following the SEC’s green light earlier in the year. By holding actual Bitcoin—not just futures—these ETFs provide exposure to crypto without the need for self-custody, making them highly attractive to mainstream investors.

The purchase of 1,000 BTC in one day highlights BlackRock’s commitment to making Bitcoin a part of its long-term investment strategy. With institutional players like BlackRock actively increasing their exposure, it’s clear the narrative around Bitcoin is shifting from speculation to serious asset allocation.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

ZEC surges 6 times in a month, what is driving this frenzy?

The halving event, privacy narrative, and endorsements from well-known institutions and investors have jointly driven ZEC to surpass its 2021 peak.

BlockBeats2025/10/27 16:53
Can x402 break the crypto concept of "hype equals peak"?

Unlike typical crypto concepts, x402 has attracted the attention of many Web2 tech giants, and these companies have already begun to adopt the protocol in practice.

ForesightNews 速递2025/10/27 16:44
When the Tide Goes Out: Who Is "Swimming Naked"? A Discussion on the Acquisition Fates of Clanker and Padre

Where does value accumulate? If value accumulates in equity entities, why buy tokens? Are all tokens just meme coins?

ForesightNews 速递2025/10/27 16:43

Trending news

More
1
BTC price eyes record monthly close: 5 things to know in Bitcoin this week
2
ZEC surges 6 times in a month, what is driving this frenzy?

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,600.2
+1.77%
Ethereum
Ethereum
ETH
$4,217.42
+3.75%
Tether USDt
Tether USDt
USDT
$0.9999
-0.02%
XRP
XRP
XRP
$2.68
+2.18%
BNB
BNB
BNB
$1,149.91
+2.01%
Solana
Solana
SOL
$202.4
+1.68%
USDC
USDC
USDC
$0.9998
-0.01%
Dogecoin
Dogecoin
DOGE
$0.2050
+1.17%
TRON
TRON
TRX
$0.2998
+0.09%
Cardano
Cardano
ADA
$0.6834
+1.24%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter