Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Markets>
BlackRock's IBIT purchases $65M in Bitcoin

BlackRock's IBIT purchases $65M in Bitcoin

Cryptobriefing2025/10/28 06:45
By: Cryptobriefing
BTC-0.27%

Key Takeaways

  • BlackRock clients invested $65million in Bitcoin in a single day.
  • The purchases were made through BlackRock's spot Bitcoin ETF, iShares Bitcoin Trust (IBIT)

BlackRock’s IBIT took in around $65 million in Bitcoin on Monday, marking another significant institutional investment in the leading cryptocurrency through the asset management giant’s services.

BlackRock has been actively facilitating institutional access to Bitcoin through exchange-traded funds, enabling both institutional and retail investors to gain exposure to digital assets via established financial products.

The purchase reflects sustained Wall Street interest in Bitcoin during periods of price consolidation. Recent market discussions suggest such institutional accumulation by traditional finance players demonstrates growing confidence in Bitcoin’s role as a store of value.

Asset managers like BlackRock continue enabling broader institutional entry into Bitcoin, with these large-scale purchases potentially signaling support for renewed upward momentum in the cryptocurrency market.

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

XRP News Today: Rising Number of XRP Wallets Sparks Optimism for Crypto Summer as Institutions Increase Investments

- XRP sees 21,595 new wallets in 48 hours, Santiment's largest surge in eight months, as price rebounds from $2.2 support. - Technical indicators show bullish RSI divergence and potential reversal patterns, with $2.6 resistance as key hurdle. - Ripple's $500M institutional investment and Mastercard-led RLUSD integration boost XRP's institutional adoption and regulatory clarity. - Ethereum's ecosystem expansion and potential XRP ETF listings amplify crypto summer optimism amid Fed's QE expectations.

Bitget-RWA2025/11/06 04:04
Zinc's Decline: An Early Warning Sign for the Crypto Industry

- Digital asset treasuries face sharp sell-offs as investor confidence wanes, with the S&P GSCI Zinc Index dropping 1.56% on Nov 5, 2025. - The zinc index's volatility mirrors crypto market declines, signaling a shift to safer assets amid regulatory uncertainty and macroeconomic pressures. - SEC actions against crypto platforms have intensified market jitters, with analysts warning of cascading liquidations if declines persist. - Zinc's performance now serves as a key barometer for digital asset risk, refl

Bitget-RWA2025/11/06 03:28
Dogecoin News Today: Dogecoin's Unstable Buzz Fades as ETFs Turn Attention to Alternative Coins

- Dogecoin (DOGE) hovers near $0.15704, with analysts warning a breakdown could trigger sharp declines amid waning retail and institutional interest. - On-chain data and derivatives metrics signal deteriorating sentiment, as Bitcoin/Ethereum ETF outflows shift capital toward altcoins like Solana . - Weak large-holder support and declining community-driven hype expose DOGE to volatility, with prices at risk of falling below $0.15 without fundamental catalysts.

Bitget-RWA2025/11/06 03:28
Chainlink and SBI Join Forces to Integrate Blockchains and Boost Institutional Adoption of Tokenized Assets

- Chainlink partners with SBI Digital Markets to build cross-chain digital asset solutions using CCIP technology. - Collaboration aims to accelerate institutional adoption of tokenized assets via secure multi-chain operations and existing pilots with UBS . - CCIP addresses blockchain interoperability challenges, positioning SBI Group as a key player in Japan's regulated digital asset market. - Recent partnerships with Ondo Finance highlight growing demand for cross-chain infrastructure in tokenized real-wo

Bitget-RWA2025/11/06 03:28

Trending news

More
1
Zinc's Decline: An Early Warning Sign for the Crypto Industry
2
Dogecoin News Today: Dogecoin's Unstable Buzz Fades as ETFs Turn Attention to Alternative Coins

Crypto prices

More
Bitcoin
Bitcoin
BTC
$103,656.28
+1.48%
Ethereum
Ethereum
ETH
$3,433.88
+2.83%
Tether USDt
Tether USDt
USDT
$1.0000
+0.00%
XRP
XRP
XRP
$2.36
+5.31%
BNB
BNB
BNB
$962.57
+1.37%
Solana
Solana
SOL
$162.4
+3.54%
USDC
USDC
USDC
$0.9999
-0.00%
TRON
TRON
TRX
$0.2889
+0.96%
Dogecoin
Dogecoin
DOGE
$0.1672
+1.57%
Cardano
Cardano
ADA
$0.5433
+1.97%
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