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BlackRock buys $38.89M in Bitcoin and Ethereum, signaling renewed crypto demand.

Market News
12 Jun 2026
Finbold
View Source
Bullish
pluang ai news

On June 11, 2026, BlackRock purchased $38.89 million worth of Bitcoin and Ethereum through its iShares Bitcoin Trust and iShares Ethereum Trust, reversing recent outflows. This move suggests renewed institutional interest in crypto assets amid a multi-month bear market and potential post-IPO market concerns. Bitcoin and Ethereum prices have slightly rebounded, with Bitcoin up 2.47% and Ethereum up 0.64% over the past week. Continued accumulation by BlackRock investors could lead to a crypto market reversal, while further selling might trigger another downturn.

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