✉news BusinessCrypto first seen 12 h ago, last 10 h ago, peak #10
BlackRock's IBIT buys $195.6 million of Bitcoin in a day
Original: BlackRock's IBIT buys $195.6 million of Bitcoin in a day, $1.57 billion over the past month
BlackRock's iShares Bitcoin Trust (IBIT) purchased $195.6 million worth of Bitcoin in a single day, bringing its buying to roughly $1.57 billion over the past month. The scale of the accumulation is drawing attention to institutional demand for Bitcoin and the growing role of spot ETFs in the crypto market.
Why now: The pace of institutional Bitcoin accumulation through ETFs is a significant signal for crypto market sentiment.
Evidence
- BlackRock's IBIT buys $195.6 million of Bitcoin in a day, $1.57 billion over the past month · TradingView
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