🔥 BlackRock has been buying Bitcoin and Ethereum for 8 straight trading days.
BlackRock continues to accumulate crypto on a multi-billion-dollar scale, as buy-side flows into BTC and ETH have been sustained for eight consecutive trading sessions.
• 27.7K BTC worth about $2.2B
• 385.6K ETH worth about $961M
• Total value bought about $3.161B
Notably, BlackRock is not only increasing its exposure to Bitcoin, but is also buying Ethereum at a scale of nearly $1B.
I think the key point to watch isn’t just how much BTC and ETH are being bought, but that institutional demand continues to emerge in both of the two largest assets in the market.
8 days. $3.16B. BlackRock keeps stacking. 💀
Do you think BlackRock is kicking off a bigger institutional accumulation wave for BTC and ETH, or is this just a normal ETF inflow cycle?
#blackRock #bitcoin #Ethereum $BTC
$ETH
BlackRock continues to accumulate crypto on a multi-billion-dollar scale, as buy-side flows into BTC and ETH have been sustained for eight consecutive trading sessions.
• 27.7K BTC worth about $2.2B
• 385.6K ETH worth about $961M
• Total value bought about $3.161B
Notably, BlackRock is not only increasing its exposure to Bitcoin, but is also buying Ethereum at a scale of nearly $1B.
I think the key point to watch isn’t just how much BTC and ETH are being bought, but that institutional demand continues to emerge in both of the two largest assets in the market.
8 days. $3.16B. BlackRock keeps stacking. 💀
Do you think BlackRock is kicking off a bigger institutional accumulation wave for BTC and ETH, or is this just a normal ETF inflow cycle?
#blackRock #bitcoin #Ethereum $BTC
$ETH
