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BlackRock buys $1.08 billion of bitcoin in 20 days as Grayscale wobbles

Asset manager BlackRock has bought an additional $1.08 billion worth of bitcoin over the past 20 days, increasing its holdings to 785,900 BTC. The purchases coincided with steady institutional inflows into its spot bitcoin ETF, iShares Bitcoin Trust (IBIT), and were made across seven ETF trading days in the past month, Arkham Intelligence data showed. Over the same period, Grayscale Bitcoin Trust posted net outflows of about $254.7 million.