BlackRock Purchases $900M in Bitcoin in Single Week, ETF Clients' Average Cost Basis Around $87K

BTC-2.16%

Gate News message, April 23 — BlackRock purchased approximately $900 million worth of Bitcoin within a single week, according to on-chain analysis platform Arkham. The firm’s ETF clients currently hold an estimated average cost basis of around $87,000 per Bitcoin.

The data reflects ongoing institutional accumulation of Bitcoin through BlackRock’s spot Bitcoin ETF offerings.

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