The 💰 BTC purchases by BlackRock aren’t slowing down.. in fact in the last update they’ve increased
2 days ago they bought 4604 BTC, bringing their holdings to 56,629 BTC
Yesterday they added 6859 BTC, bringing their total holdings to 63488 BTC
The latest daily buy amount was 7.6x larger than daily supply (900 BTC)
After the halving in April that would be equivalent to 15x daily supply
And this is just one ETF. Fidelity isn’t far behind IBIT in volume
There’s been $700 million of net inflows in the 3 days of this week so far.
➡️ @Bitcoin_Insights