BlackRock has recently continued to add bitcoin hold. According to Whale Insider, the institution bought about $201 million in bitcoin on August 27. At the same time, the spot bitcoin ETF continued to record a net inflow of funds and the market ' s interest in institutional demand was rising.
Continued ETF inflow
On the last trading date, the relevant bitcoin ETF combined net inflows amounted to $232 million. According to the report, this background has contributed to the continuing buy-in of BlackRock and to whether institutional funding will continue to be a market focus.
Bitcoin went up for $80,000.
Bitcoin broke the $80,000 threshold after recent increases. At the time of the submission, BTC had returned to approximately US$ 79,502 with an increase of about 1.24 per cent in the day.
Market sentiment is still strong.
According to the report, despite a slowdown in short-term growth, agency buys are still supporting Bitcoin. BlackRock's recent shift from phase sales to ongoing purchases also reinforces market expectations for ETF demand.