BlackRock has continued to increase its Bitcoin holdings recently. According to the data provided by Whale Insider, this asset management firm bought an additional approximately 201 million US dollars worth of Bitcoin on August 27th. At the same time, Bitcoin spot ETF continues to record net capital inflows, and market attention to institutional demand is on the rise.
ETF Funds continue to flow in
On the previous trading day, the relevant Bitcoin ETF had a total net inflow of 232 million US dollars. Reports indicate that this situation has driven continuous buying of BlackRock, and whether institutional funds will continue to follow suit has become a focal point in the market.
Bitcoin once rose above $80,000
After a recent rise, Bitcoin once broke through the $80,000 mark. At the time of this report, BTC had fallen back to around $79,502, with a daily increase of about 1.24%.
Market sentiment remains strong.
The report suggests that although the short-term upward trend has slowed down, institutional buying continues to support the price movement of Bitcoin. BlackRock has recently shifted from periodic selling to continuous buying, which has also strengthened market expectations for demand for ETF.
