⚡ BlackRock Moves $240M Into BTC & ETH
🚨 BlackRock-linked wallets reportedly moved around 2,803 BTC ($223M) and 6,580 ETH ($16.6M) into wallets connected to its IBIT, ETHA, and ETHB products.
📌 But here’s the key point: these transfers don’t necessarily mean BlackRock is personally turning bullish. They’re largely tied to ETF flows, where fund demand requires the products to maintain exposure to the underlying assets.
📊 Investor demand has also remained strong, with IBIT recording $209M in net inflows and ETHA adding $90.9M on Aug. 24.
🔥 BlackRock-linked buying is definitely worth watching—but it shouldn’t automatically be treated as a signal for Bitcoin’s next move.
What do you think: bullish signal or normal ETF activity? 👀
