Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
BlackRock Adds 1,000 BTC to Its Spot Bitcoin ETF

BlackRock Adds 1,000 BTC to Its Spot Bitcoin ETF

CoinomediaCoinomedia2025/10/24 10:33
By:Ava NakamuraAva Nakamura

BlackRock buys 1,000 Bitcoin worth $107.8M for its spot ETF on Oct. 23, signaling strong institutional interest.Why This Buy MattersInstitutional Confidence Is Growing

  • BlackRock purchased 1,000 BTC worth $107.8 million.
  • The buy was made for its spot Bitcoin ETF on Oct. 23.
  • This move reflects growing institutional confidence in Bitcoin.

Institutional investment in Bitcoin just received a powerful vote of confidence. On October 23, asset management giant BlackRock acquired 1,000 BTC valued at $107.8 million for its spot Bitcoin ETF. This notable purchase underscores the company’s growing belief in the long-term potential of Bitcoin and marks another milestone in institutional adoption.

Why This Buy Matters

BlackRock’s decision to expand its holdings through its spot Bitcoin ETF sends a strong message to the market . It indicates that big players aren’t just experimenting with Bitcoin—they’re doubling down.

This buy wasn’t a quiet one either. As the market closely tracks institutional moves, this $107.8 million BTC acquisition added momentum to bullish sentiment around the cryptocurrency. While Bitcoin’s price continues to fluctuate, large-scale buys like this often act as confidence boosters for retail investors and institutions alike.

🔥 NOW: BlackRock spot Bitcoin ETF bought 1,000 $BTC worth $107.8M on Oct. 23. pic.twitter.com/4vlxm2ivKO

— Cointelegraph (@Cointelegraph) October 24, 2025

Institutional Confidence Is Growing

BlackRock is among several traditional financial firms that have launched spot Bitcoin ETFs, a significant development following the SEC’s green light earlier in the year. By holding actual Bitcoin—not just futures—these ETFs provide exposure to crypto without the need for self-custody, making them highly attractive to mainstream investors.

The purchase of 1,000 BTC in one day highlights BlackRock’s commitment to making Bitcoin a part of its long-term investment strategy. With institutional players like BlackRock actively increasing their exposure, it’s clear the narrative around Bitcoin is shifting from speculation to serious asset allocation.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

ECB shifts stance! Will interest rate hikes resume in 2026?

In the debate over "further tightening" versus "maintaining the status quo," divisions within the European Central Bank are becoming increasingly public. Investors have largely ruled out the possibility of the ECB cutting interest rates in 2026.

Jin102025/12/10 14:11

On the eve of Do Kwon's trial, $1.8 billion is being wagered on his sentence

Dead fundamentals, vibrant speculation.

深潮2025/12/10 12:59
On the eve of Do Kwon's trial, $1.8 billion is being wagered on his sentence

Space Review|When the US Dollar Weakens and Liquidity Recovers: Cryptocurrency Market Trend Analysis and TRON Ecosystem Strategy

This article reviews the identification of macro turning points and the capital rotation patterns in the crypto market, and delves into specific allocation strategies and practical approaches for the TRON ecosystem during market cycles.

深潮2025/12/10 12:59
Space Review|When the US Dollar Weakens and Liquidity Recovers: Cryptocurrency Market Trend Analysis and TRON Ecosystem Strategy

30-Year Wall Street Veteran: Lessons from Horse Racing, Poker, and Investment Legends That Inspired My Bitcoin Insights

What I focus on is not the price of bitcoin itself, but rather the position allocation of the group of people I am most familiar with—those who possess significant wealth, are well-educated, and have successfully achieved compounding returns on capital over decades.

深潮2025/12/10 12:58
© 2025 Bitget