$BTC BlackRock’s buying is back!
IBIT saw net inflows of about $69.85 million.
Institutional money continues to gravitate toward BTC!
Prices are still choppy, but ETFs are buying again.
Spot buying is starting to pick up again!
The latest fund flow data shows that BlackRock’s spot BTC ETF recorded net inflows of about $69.85 million. To be precise, these are client inflows into the ETF—not BlackRock directly buying BTC with its own funds. But the money ultimately still translates into demand for spot BTC.
What really matters is whether this buying continues. BTC ETFs have already posted weekly net inflows for three consecutive weeks. If BlackRock continues to be the main driver of inflows while prices hold key support, coins will keep shifting into the hands of long-term investors.
Retail investors are still waiting for a clear direction, while ETF funds keep buying.
As long as institutional buying continues, BTC should have solid support below!
Tap the card below to get started! 👇
$ETH $ZEC
IBIT saw net inflows of about $69.85 million.
Institutional money continues to gravitate toward BTC!
Prices are still choppy, but ETFs are buying again.
Spot buying is starting to pick up again!
The latest fund flow data shows that BlackRock’s spot BTC ETF recorded net inflows of about $69.85 million. To be precise, these are client inflows into the ETF—not BlackRock directly buying BTC with its own funds. But the money ultimately still translates into demand for spot BTC.
What really matters is whether this buying continues. BTC ETFs have already posted weekly net inflows for three consecutive weeks. If BlackRock continues to be the main driver of inflows while prices hold key support, coins will keep shifting into the hands of long-term investors.
Retail investors are still waiting for a clear direction, while ETF funds keep buying.
As long as institutional buying continues, BTC should have solid support below!
Tap the card below to get started! 👇
$ETH $ZEC
