BlackRock Clients Acquire 3,948 Bitcoin Worth $372M in Major Institutional Purchase

robot
Abstract generation in progress

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.

BTC-1,54%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
HalfPositionRunnervip
· 01-06 07:44
Institutional bottom-fishing or taking over, this question needs a question mark
View OriginalReply0
SignatureCollectorvip
· 01-06 07:41
Big institutions really haven't stopped, acquiring over 39,000 Bitcoins at once. This is the game of the wealthy.
View OriginalReply0
LiquidationWatchervip
· 01-06 07:40
BlackRock is clearly indicating institutional accumulation. While retail investors are still hesitating, the whales are already accumulating.
View OriginalReply0
GasFeeTherapistvip
· 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?
View OriginalReply0
OnchainDetectivevip
· 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.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)