BlackRock Bitcoin ETF Added $500M of BTC in Five Days Without Selling

BlackRock, the world’s largest asset manager with a record $15.3 trillion in assets under management, has purchased $500 million worth of Bitcoin over the past five days without recording a single sale during the period.

The buying coincides with a broader rally in the cryptocurrency market, with Bitcoin gaining 6.4% over the past 14 days to trade at $65,930.

Source: Arkham