BlackRock Buys $50 Million in Bitcoin Amid Dip in the Past Week
$10 trillion asset manager BlackRock has bought nearly $50 million in Bitcoin as other asset managers are selling in the past week. Arkham Intelligence data highlights the recent buying and selling activity among major financial institutions managing spot Bitcoin ETFs. The platform’s recent data reveals that BlackRock acquired around 515 BTC, worth just over $49M at press time. Grayscale Investments and Invesco recently offloaded part of their Bitcoin stash for unknown reasons. Bitcoin has been up and down in 2025 thus far but is overall up by over 6% in the past month. BlackRock, which is the world’s largest asset manager by total asset value, still appears highly confident in the cryptocurrency despite mixed market sentiment. BlackRock currently holds approximately $60 billion in Bitcoin. On the broader Bitcoin ETF market, there have been two consecutive days of net outflows. Data from Farside Investors show that out of the 11 asset managers, only BlackRock recorded posit...