BlackRock Resumes Buying Bitcoin as Price Reclaims $81,000

Leading asset management firm BlackRock has doubled down on its Bitcoin exposure as momentum appears to be building again after multiple weeks of prolonged volatility. According to the latest data from renowned ETF tracker SosoValue, BlackRock has made a huge Bitcoin purchase worth $151.46 million as of October 28. The large Bitcoin purchase from the fund did not go unnoticed as the broader Bitcoin ETF market began to see a wave of renewed interest from institutional investors after several weeks of extreme caution.