#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?
