CandleFocus

BlackRock’s Bitcoin holdings climb to $27.73 billion as Ethereum ETF outflows reach $7 million

BlackRock, the world's largest asset manager, has seen a significant increase in its Bitcoin ETF holdings, reaching 403,725 BTC, valued at approximately $27.7 billion. BlackRock's iBIT ETF led the surge in Bitcoin investments, adding 4,369 BTC worth around $300 million and 17,110 BTC valued at around $1.18 billion in the past week. Overall, major Bitcoin ETFs hold a total of 972,575 BTC, valued at approximately $66.7 billion, with a net inflow of 14,782 BTC in the last seven days. However, Ethereum ETFs have seen a net outflow of 2,917 ETH, representing a value decline of around $7.3 million. The trend for Ethereum ETFs indicates a waning interest compared to Bitcoin.

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