BlackRock Adds Over $650M in Bitcoin and Ethereum via Spot ETFs in Early March

BlackRock accumulated approximately $654 million in Bitcoin and Ethereum through its U.S. spot ETFs during the first week of March, Coinglass data show. The iShares Bitcoin Trust (IBIT) attracted net inflows of $263.20 million on March 2 and $322.40 million on March 3, totaling $585.60 million, while the iShares Ethereum Trust (ETHA) registered net inflows of $26.50 million and $41.90 million on those days, bringing its two-day total to $68.40 million. Over the past five days, spot Bitcoin ETFs have drawn roughly $1.4 billion in net inflows, with analysts linking the renewed institutional buying to investors taking advantage of Bitcoin's recent price dip as the token rebounded from around $68,000 to above $71,000.