Blackrock Resumes Bitcoin Buying, Is A Breakout To $70K Next?

Quick Summary:

With these new acquisitions, BlackRock now has 359,606 BTC with an estimated value of $22.82 billion and 350,000 ETH with an estimated value of $23 billion.

BlackRock has increased its exposure to cryptocurrencies, buying an additional 529 BTC and 2,420 ETH.

Concurrently, BlackRock’s iShares Bitcoin Trust has seen inflows of more than $99 million of Bitcoin, which is the highest single-day inflow in the last 30 days.

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Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: India

Topics: Bitcoin News 24/7 Cryptocurrency News Bitcoin (BTC) Price Blackrock

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 18:55:34 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 564 words

Reading Time: 4 minutes read

Sentences: 39 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22709580

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