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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/15/2025

BlackRock "Buys the Dip" with Over $1 Billion in Bitcoin and Ether Amid Market Correction

On August 14, as Bitcoin (BTC) and Ether (ETH) prices dropped more than 5% following U.S. PPI inflation data and mixed signals from the Treasury Department, BlackRock — the world's largest asset manager — made a surprise move, buying over $1 billion worth of crypto through its Bitcoin and Ether ETFs. Large capital flows amid heavy volatility According to data from Farside Investors, BlackRock's iShares Bitcoin Trust (IBIT) — the largest spot Bitcoin ETF in the U.S. — added over $500 million in BTC in a single day. The firm's spot Ether fun

BlackRock "Buys the Dip" with Over $1 Billion in Bitcoin and Ether Amid Market Correction

On August 14, as Bitcoin (BTC) and Ether (ETH) prices dropped more than 5% following U.S. PPI inflation data and mixed signals from the Treasury Department, BlackRock — the world's largest asset manager — made a surprise move, buying over $1 billion worth of crypto through its Bitcoin and Ether ETFs.

Large Capital Flows Amid Heavy Volatility

According to data from Farside Investors, BlackRock's iShares Bitcoin Trust (IBIT) — the largest spot Bitcoin ETF in the U.S. — added over $500 million in BTC in a single day. The firm's spot Ether fund posted similar inflows, bringing total net purchases to $1 billion.

Bloomberg ETF analyst Eric Balchunas noted that combined trading volume across the BTC and ETH ETFs for the day reached $11.5 billion, on par with Apple stock — a testament to the powerful appeal of digital assets among institutional investors.

Bitcoin Price Nearly Closes CME Gap

The selloff dragged BTC down to $117,200, nearly filling the price gap (CME gap) that formed over the previous weekend. Prices then quickly recovered to around $119,000 at the Wall Street open on August 15.

Many traders viewed $117,200 as a short-term bottom, and if BTC holds $120,000 as support, the market could enter a "price discovery" phase — pushing toward new all-time highs.

Positive Signal for the Market

BlackRock's large-scale dip-buying was widely seen by the crypto community as a signal that institutions remain bullish on BTC and ETH over the long term, despite short-term volatility.