BlackRock’s Bitcoin Buying Spree Ignites ETF Frenzy

The post BlackRock’s Bitcoin Buying Spree Ignites ETF Frenzy appeared first on Coinpedia Fintech News

On September 26th, the US Spot Bitcoin ETF market witnessed $364.8 million in inflows. However, the Ethereum ETF failed to gain momentum and stood at $0.5 million in net inflows. This significant inflow of almost $365 million in Bitcoin ETF has become the largest since July 23, the highest this month. As the significant catalyst of fueling the inflow, BlackRock’s IBIT added 5,873 BTC worth $376 million. Over the past three days, BlackRock’s Abbott has been on a buying spree and has accumulated 363.6k BTC worth almost $23.7 billion.