CandleFocus BlackRock And Bitcoin ETFs Saved BTC Price, Bloomberg Analyst Claims
2024-09-16
Author: Content Editor
According to Bloomberg analyst Eric Balchunas, the existence of Bitcoin ETFs managed by BlackRock has prevented a significant decline in BTC. This statement comes amidst rumors that the asset manager receives Bitcoin IOUs from Coinbase, leading to speculation that BlackRock may be shorting BTC through these IOUs, causing the coin's value to fluctuate.
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