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BlackRock's Bitcoin ETF Records Biggest Trading Day in a Year
Original: BlackRock’s Bitcoin ETF Just Had Its Biggest Day in a Year. So Why Is Crypto Still Falling?
BlackRock's spot Bitcoin exchange-traded fund has posted its largest single day of activity in roughly twelve months, a milestone for the world's largest asset manager's crypto product. Yet the broader cryptocurrency market continues to decline, leaving analysts questioning why strong institutional inflows are not lifting Bitcoin and other digital asset prices.
Why now: The contrast between record ETF activity and falling crypto prices is puzzling investors and fueling debate about market direction.
Evidence
- BlackRock’s Bitcoin ETF Just Had Its Biggest Day in a Year. So Why Is Crypto Still Falling? · 24/7 Wall St.
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