On June 17, BlackRock bought another $250 million worth of Bitcoin (BTC), continuing its six-day buying streak and bringing its total BTC holdings to $70.63 billion, according to Arkham.
BlackRock’s running inflow trend has so far amounted to $1.4 billion, while the combined U.S. BTC exchange-traded fund (ETF) market cap has been pushed to over $133 billion, as per CoinMarketCap.
BlackRock BTC holdings. Source: Arkham
In other words, BTC ETFs now account for around 22.98% of the global spot volume, a significant increase from the 13.2% seen exactly one year ago on June 18, 2024.
Bitcoin ETF demand
In the wake of BlackRock’s new purchase, Bitcoin price briefly rose past the $105,500 mark again, although it’s still down significantly from its weekly high of $109,714, currently trading at $104,830.
BTC 7-day price chart. Source: Finbold
Despite the dip, institutional demand remains strong, with BlackRock’s competitor Saylor Strategy, for example, now holding 590,000 B
We współpracy z: https://finbold.com/blackrock-just-bought-over-250m-bitcoin/
