BlackRock Buys $623.5 Million of Bitcoin Since Monday as Grayscale Sells
Data shared by Arkham show Grayscale sold $62.3 million of Bitcoin since Monday, while BlackRock net purchased $623.5 million over the same period, more than 10 times that amount. Arkham said BlackRock now holds more than $64.85 billion of Bitcoin, equal to 3.87% of total Bitcoin supply.
The new comparison adds to a broader stretch of demand for U.S. spot Bitcoin funds. Earlier figures showed the ETFs recorded nearly $1.7 billion of net inflows over five straight sessions through May 6, while BlackRock's Bitcoin purchases across the prior five trading days topped $1 billion.
From the sources (9 posts)
@theblockcoUS spot bitcoin ETFs draw $532 million as inflows extend to a third day, led by BlackRock and Fidelity
@cryptoroverBitcoin ETFs are buying again 🚀 US spot Bitcoin ETFs bought $467 million worth of BTC yesterday BlackRock alone bought $251 million worth of Bitcoin.
@tyler_did_itOver $1.6B in Bitcoin ETF inflows over the past 3 sessions It's not just Saylor buying these days...
@wublockchainBitcoin and Ethereum ETFs Extend Inflow Streaks On May 6 (ET), spot Bitcoin ETFs recorded a total net inflow of $46.33 million, marking the fifth consecutive day of net inflows. Spot Ethereum ETFs recorded a total net inflow of $11.57 mill
@cointelegraph🇺🇸 ETF FLOWS: BTC, ETH, SOL and XRP spot ETFs saw net inflows on May 6. BTC: $46.33M ETH: $11.57M SOL: $21.3M XRP: $13.03M
@theblockcoSpot bitcoin ETFs post five-day inflow streak totaling nearly $1.7 billion
@cryptoroverBULLISH 🚀 BlackRock bought over $1 billion worth of Bitcoin in the last 5 trading days.
@arkhamGRAYSCALE IS SELLING BITCOIN… BUT BLACKROCK IS BUYING
@arkhamGrayscale sold a total of $62.3M of BTC since Monday. However, BlackRock net purchased over 10x that amount, buying $623.5M of BTC so far this week. BlackRock now holds over $64.85B of Bitcoin, 3.87% of the total BTC supply.