BlackRock’s recent launch of a Bitcoin spot ETF has triggered significant inflows, leading to a noticeable supply shortage. This surge in demand is causing Bitcoin prices to climb rapidly, with the cryptocurrency reaching over $68,500. 20 days of continuous investment from BlackRock show just how strong institutional interest is in Bitcoin.
Experts highlight this unprecedented movement, as it coincides with an ongoing reduction of available Bitcoin on exchanges. This limited supply is further pushing prices higher and attracting significant attention from investors. The influx of capital triggered a market shift in liquidity, which has created a dynamic environment for buyers and sellers.