It’s interesting to see how BlackRock is increasing its investment in bitcoin.
Adding such a large amount in just one week shows strong confidence.
To me, this feels like bitcoin is slowly becoming more trusted not just by individuals but also by big institutions.
It shows that people are starting to see its long-term value more clearly.
BlackRock keeps growing its bitcoin holdings to a new high
byu/Mammoth_Cover_3392 inBitcoin
Posted by Mammoth_Cover_3392
5 Comments
Institutions like BlackRock don’t buy billions in Bitcoin because they think it’s a fun gamble. They do the research. Their continued accumulation is a massive legitimization signal. Retail spent years being called crazy. Now the same people are buying in. Feels good to be early for once.
If you look here: https://farside.co.uk/btc/
In the cumulative net flow per asset manager, you can see that BlackRock also relatively grew against the other ETFs. They barely sold anything during this downturn and now it’s trending back up.
Let’s just hope for the traders that they have stop-losses on their shorts.
Yeah it’s definitely a big shift tbh, but it kind of feels like it’s more about where the liquidity is coming from than just confidence.
A lot of the demand right now feels pretty concentrated through things like ETFs rather than broad participation across the market.
So price can move, but it doesn’t always translate into the kind of follow through you’d normally expect when it’s more widely distributed without a doubt.
It’s not blackrock’s bitcoin. It’s retail buying through the IBIT etf. Blackrock doesn’t have its own stash as the IBIT bought bitcoin isn’t actually theirs
You buy IBIT and blackrock buys with that money, if you sell then blackrock sells the bitcoin associated with you. ETF inflows and outflows move the price of bitcoin.
Strategy and Strive on the other hand are hoarding it and that bitcoin will never move from what we know. So when you see headlines of “Blackrock bought X billions in bitcoin” you have to realize it is the ETF.
Blackrock will most likely start hoarding once they Clarity Act is passed.
How do people still not understand how ETFs work