CandleFocus BlackRock’s Bitcoin Accumulation Surges, Outpacing ETF Sales Over the Past Three Weeks
2024-09-28
Author: Content Editor
Global asset manager BlackRock has been increasing its Bitcoin holdings, buying more Bitcoin in the last three weeks than any ETF has sold. This indicates a shift in investment strategy and growing confidence in Bitcoin among institutional investors. BlackRock's Bitcoin holdings have risen to 362,193 BTC, with an estimated value of $24.01 billion. This strategic accumulation not only benefits BlackRock's portfolio but also impacts Bitcoin's price and market. The move by BlackRock may serve as a turning point for institutional investing in cryptocurrencies, potentially leading to increased adoption and controlled investing in the future.
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