#BlackRock #BitcoinETF Holdings Surge Amid Market Volatility 🚀


BlackRock has massively increased its stake in the IBIT Bitcoin ETF, now holding $77M in shares, up from $4M in June, per SEC filings. While $BTC 's price dipped below $93K (-3%), the fund saw $267M in inflows, highlighting investor confidence.


Other Bitcoin ETFs faced outflows, but BlackRock's move signals institutional optimism despite a volatile market. Analysts warn of critical support at $93,257—breaking this level could lead to further declines.


Institutional interest remains strong. Is this a sign of Bitcoin ETFs' long-term potential?

#BTC Price Analysis#

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November 27, 2024 at 12:20 AM
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