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✉news BusinessCrypto first seen 4 h ago, last 49 min ago, peak #14

BlackRock's Bitcoin ETF Buys $1.57 Billion in Bitcoin Over a Month

Original: BlackRock's Bitcoin ETF Has Net Bought $1.57 Billion Worth of Bitcoin in the Past Month.

BlackRock's spot Bitcoin exchange-traded fund has made net purchases totaling around $1.57 billion worth of Bitcoin over the past month, according to the report drawing attention. The scale of the buying underscores the asset manager's continued accumulation on behalf of investors and is being read as a signal of sustained institutional demand for Bitcoin through ETF products.

Why now: Large-scale institutional Bitcoin buying by the world's biggest asset manager is a major signal for crypto markets and prices.

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