Source: CryptoBriefing
Original Title: BlackRock clients acquire 3,948 Bitcoin valued at $372M
Original Link:
Institutional Bitcoin Accumulation Surges
BlackRock clients acquired 3,948 Bitcoin valued at approximately $372 million on January 5, according to on-chain data tracking.
The purchase reflects continued institutional accumulation of Bitcoin through BlackRock’s spot ETF product, the IBIT fund. The firm has positioned itself as a key facilitator of structured crypto exposure, settling transfers through certain regulated platforms.
US-listed spot Bitcoin ETFs recorded approximately $697 million in net inflows on Monday, representing their largest daily intake since October 7.
In addition to BlackRock’s IBIT, Fidelity’s FBTC fund posted major gains with $191 million in fresh investments. No funds reported outflows during the session.
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HalfPositionRunner
· 01-06 07:44
Institutional bottom-fishing or taking over, this question needs a question mark
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SignatureCollector
· 01-06 07:41
Big institutions really haven't stopped, acquiring over 39,000 Bitcoins at once. This is the game of the wealthy.
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LiquidationWatcher
· 01-06 07:40
BlackRock is clearly indicating institutional accumulation. While retail investors are still hesitating, the whales are already accumulating.
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GasFeeTherapist
· 01-06 07:38
Are big institutions so aggressive? They snapped up over 3,000 Bitcoins in one go. Can retail investors still jump on the bandwagon?
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OnchainDetective
· 01-06 07:26
Looking at this data is interesting: 3,948 Bitcoins worth $372M, with a net inflow of $697M on the same day... According to on-chain data, the timing of this buy-in is too coincidental, clearly indicating a connection to funding behind the scenes.
BlackRock Clients Acquire 3,948 Bitcoin Worth $372M in Major Institutional Purchase
Source: CryptoBriefing Original Title: BlackRock clients acquire 3,948 Bitcoin valued at $372M Original Link:
Institutional Bitcoin Accumulation Surges
BlackRock clients acquired 3,948 Bitcoin valued at approximately $372 million on January 5, according to on-chain data tracking.
The purchase reflects continued institutional accumulation of Bitcoin through BlackRock’s spot ETF product, the IBIT fund. The firm has positioned itself as a key facilitator of structured crypto exposure, settling transfers through certain regulated platforms.
US-listed spot Bitcoin ETFs recorded approximately $697 million in net inflows on Monday, representing their largest daily intake since October 7.
In addition to BlackRock’s IBIT, Fidelity’s FBTC fund posted major gains with $191 million in fresh investments. No funds reported outflows during the session.