BlackRock’s Alleged Bitcoin Purchase Unverified, Market Impact Remains Key

Unconfirmed reports suggest BlackRock may have acquired 3,500 bitcoins worth $326 million through its iShares Bitcoin Trust ETF. Despite this claim, no official confirmation exists. However, market activity reveals significant inflows and outflows related to BlackRock’s ETF, influencing Bitcoin prices. This recent trend aligns with institutional re-entry into the market following a period of de-risking, as seen in increased net inflows on April 23rd.