BlackRock Buys $41 Million Bitcoin, Ark Buys $116 Million: $90K Next?
According to data from Farside Investors, BlackRock’s IBIT Bitcoin (BTC) ETF purchased $41.6 million worth of the cryptocurrency on Apr. 21. BlackRock’s purchase was substantially dwarfed by Ark’s 21Shares BTC ETF, which bought $116.1 million worth of the asset. Fidelity purchased $87.6 million worth of BTC, and Bitwise bought $45.1 million worth. Also Read: The 1 Cent Dream: 3 Things That Can Push Shiba Inu to $0.01 Source: Farside Investors Bitcoin Surges Amid BlackRock And Ark’s Purchases Source: CryptoSlate BTC has experienced a continued upswing over the last few days. The asset is trading in the green zone across all time frames. BTC’s price is up 0.9% in the daily charts, 3.1% in the weekly charts, 11.3% in the 14-day charts, 4.9% in the monthly charts, and 33.8% since April 2024. Source: CoinGecko Also Read: This Asset Outperformed Bitcoin & the US Dollar This Year Other bullish developments may have also helped BTC’s latest rally. Paul Atkins...