BlackRock Buys $1.4B Bitcoin in 6 Days Amid ETF Inflow Surge

BlackRock’s $1.4B Bitcoin Buying Spree Signals Strong Institutional Demand

Key Highlights

• $1.4B Bitcoin Purchase: BlackRock acquired $250M BTC on June 17, marking its sixth straight day of buying (Total: 670,295 BTC)
• ETF Dominance: iShares Bitcoin Trust (IBIT) hit $74.8B AUM in just 341 days – faster than gold ETFs
• Market Context: Buying spree continues despite 5% BTC price dip ($104,589 at press time)

---

Why This Matters

1. Institutional Confidence: BlackRock’s moves counter geopolitical market fears
2. ETF Boom: IBIT leads inflows ($639.2M June 17) as rivals see outflows
3. Broader Trend: MicroStrategy ($1.05B purchase), MetaPlanet, and others expand BTC holdings