BREAKING: BlackRock ETFs Buy $277.6 Million of Bitcoin and $130.2 Million of Ethereum
BlackRock’s crypto funds recorded another strong day of inflows.
The Bitcoin ETF added $277.6 million. The Ethereum ETF added $130.2 million. Together, that is about $408 million of new buying in one session.
This is now the 10th straight trading day of net inflows. That means money has come into these funds every day the market has been open for the past two weeks.
The buying is happening after Bitcoin’s rebound from the mid-$60,000s toward $80,000. Ethereum has also recovered during the same stretch. Even with prices higher, BlackRock clients have kept adding rather than stepping back.
BlackRock has been the main source of this demand. Its Bitcoin and Ethereum funds have repeatedly taken the largest share of daily ETF inflows during the rally.
Ten days of uninterrupted accumulation shows the bid has stayed in place after the bounce, not just during the first move higher.
A clear run of steady institutional buying through BlackRock’s Bitcoin and Ethereum ETFs.
BlackRock’s crypto funds recorded another strong day of inflows.
The Bitcoin ETF added $277.6 million. The Ethereum ETF added $130.2 million. Together, that is about $408 million of new buying in one session.
This is now the 10th straight trading day of net inflows. That means money has come into these funds every day the market has been open for the past two weeks.
The buying is happening after Bitcoin’s rebound from the mid-$60,000s toward $80,000. Ethereum has also recovered during the same stretch. Even with prices higher, BlackRock clients have kept adding rather than stepping back.
BlackRock has been the main source of this demand. Its Bitcoin and Ethereum funds have repeatedly taken the largest share of daily ETF inflows during the rally.
Ten days of uninterrupted accumulation shows the bid has stayed in place after the bounce, not just during the first move higher.
A clear run of steady institutional buying through BlackRock’s Bitcoin and Ethereum ETFs.
