Analysis: This week, BlackRock increased its holdings by 7,808.46 BTC, accounting for 45% of the total net inflow of Bitcoin ETFs
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Odaily Odaily News: Lin Chen, head of Deribit's Asia-Pacific business, wrote on X: "This week, BTC ETF has improved significantly compared to the previous few weeks, with net inflows for five days, and a total weekly net inflow of US$1.1085 billion (a total increase of 17,265.54 BTC). Among them, BlackRock has turned from 0 changes to five consecutive days of net inflows, with a cumulative increase of 7,808.46 BTC, accounting for 45% of the total net inflow. This reflects that institutional investors have gradually regained their confidence in buying this week, and market sentiment has warmed up."
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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