US Bitcoin ETFs Experience Outflows Amidst BlackRock's Significant Accumulation
10/23/2024 8:30:07 AM
According to Spot On Chain, US Bitcoin ETFs have experienced outflows after a week of strong inflows, with Bitcoin's price stabilizing around $67,200. Despite this, BlackRock's IBIT has continued to be a significant buyer, adding 22,480 BTC, valued at approximately $1.51 billion, over the past seven days. This acquisition has increased BlackRock's total Bitcoin holdings to 392,121 BTC. The market is now watching to see if Bitcoin can break through current resistance levels. (Source)
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