BlackRock Leads Institutional Crypto Inflow Surge With $600 Million Bitcoin Acquisition
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Bitcoin trading near $74,000 as geopolitical tensions coincide with rising institutional demand in crypto. Spot BTC ETFs saw $763.4M of net inflows last week; BlackRock was the largest buyer with $600.1M over the past week and a five-day buying streak (last sell March 6). Grayscale’s GBTC was the biggest seller, suggesting rotation into spot ETFs and stronger institutional adoption of BTC.
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Bitcoin’s price is approaching the $74,000 level amid ongoing international geopolitical tensions. The move comes on the back of increased institutional involvement, as witnessed by the net inflows into spot BTC ETFs.
Data shows that BlackRock has been the biggest buyer, acquiring $600.1 million worth of BTC over the past week, while Grayscale’s GBTC has been the biggest seller. The world’s largest asset manager is on a five-day streak, last selling on March 6th. The combined inflows total $763.4 million last week.
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