BlackRock's Crypto Shopping Spree Makes Bitcoin Blush
Key Points
- BlackRock invests nearly $1 billion in its iShares Bitcoin T...
Bitcoin finally gets to sit at the grown-ups table as BlackRock dumps nearly $1 billion into its iShares Bitcoin Trust (IBIT), proving that even Wall Street's biggest players can't resist crypto's siren call.
Money Machine Goes Brrr
BlackRock's massive Bitcoin shopping cart checkout on April 28, 2025, marks their second-largest ETF splurge since early 2024. With US spot Bitcoin ETFs raking in over $3 billion in just three weeks, it's clear that institutional investors are no longer just dipping their toes in the crypto pool – they're doing cannonballs.
From Magic Internet Money to Trea...
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