BlackRock buys $204M in BTC as bitcoin hits $65,500 and ether ETFs log $105M weekly inflows
Major economies accelerated crypto institutionalization this week, with BlackRock adding $204M of bitcoin and Morgan Stanley formally filing for SOL and ETH spot ETFs. Japan’s parliament passed a bill to legalize crypto ETFs, while South Korea classified crypto as a “national asset.” Ethereum ETFs recorded $105M of net purchases for the week, the highest in 11 weeks, as BTC and ETH rose to a one-month high and a six-week high, respectively. The developments center on tangible regulatory advances and execution by top asset managers, strengthening the policy backdrop for major crypto assets.