Rewards Hub BlackRock has reportedly purchased approximately $900 million worth of Bitcoin over the past week, according to data from Arkham. The funds have primarily been directed to the wallet address associated with BlackRock's spot Bitcoin ETF, IBIT. Arkham estimates that the average holding cost for BlackRock ETF clients is currently around $87,000 per Bitcoin.
BlackRock Acquires $900 Million in Bitcoin for Spot ETF
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