BlackRock buys $1.17B worth of $BTC and $ETH over two days, Lookonchain reports

AI Market Summary

Reported $1.17B combined BTC and ETH buying by BlackRock over two days signals strong institutional demand and can tighten liquid supply, improving near-term market liquidity conditions and risk appetite across crypto. If confirmed, flows of this size tend to influence positioning, spot-perp basis dynamics, and volatility expectations, with BTC likely the primary conduit and ETH benefiting via correlation and relative-flow reallocation.

Impact level

● High

Affected assets

BTC/USDT+1.17%

AI Insight · BTC/USDTAI Insight

▲ Bullish

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BlackRock purchased a combined $1.17 billion in $BTC and $ETH over the past two days, according to blockchain analytics firm Lookonchain.

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