Bitcoin ETFs Drive Record $1.38 Billion BTC Accumulation in Three Days

  • ETFs acquired over $1.38B in Bitcoin this week, marking significant investor confidence.

  • BlackRock’s BTC holdings face volatility, reflecting broader cryptocurrency market dynamics.

  • Fidelity’s FBTC ETF sees inflows dip, raising concerns on institutional investment stability.

Institutional investors are piling into Bitcoin ETFs at an unprecedented rate. Arkham Intelligence reports ETFs added over $1.38 billion worth of Bitcoin to their holdings in just three days, marking the largest single week of BTC purchases in the past four months. This surge in investment signals strong institutional confidence in the cryptocurrency’s future.

𝗘𝗧𝗙𝘀 𝗯𝗼𝘂𝗴𝗵𝘁 𝗼𝘃𝗲𝗿 $𝟭.𝟯𝟴 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗼𝗳 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗶𝗻 𝗧𝗛𝗥𝗘𝗘 𝗗𝗔𝗬𝗦 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸.

This is ALREADY the biggest ETF week in FOUR MONTHS. pic.twitter.com/CvFm20O7Ld

— Arkham (@ArkhamIntel) October 17, 2024

Let us take a closer look at two major players in the Bitcoin ETF space, BlackRock and Fidelity.

BlackRock’s Bitcoin Holdings Fluctuate

BlackRock has seen notable fluctuations lately. A…

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