What happened with the $60 million Bitcoin buy

✔️ BlackRock’s Bitcoin ETF — iShares Bitcoin Trust (IBIT) — acquired about $60 million worth of Bitcoin in a single day, adding to its holdings amid broader market volatility. This was reported as around $60 million being put into Bitcoin on behalf of its clients.

✔️ Another source noted that IBIT bought around 525 BTC (~$60.4 million) even while other investors were selling.

👉 Important detail: BlackRock doesn’t “buy Bitcoin for itself” in the same way a person would. When money flows into its Bitcoin ETF from investors who want BTC exposure, BlackRock uses that money to buy Bitcoin on the market for the ETF. The ETF then holds the Bitcoin on behalf of those investors. This is a normal ETF mechanism.

ETH

2,053.34

+5.21%

BTC

68,801.44

+3.56%