BlackRock ETF Accumulates 12,272 BTC in 16 Days amidst Market Shifts

The latest data from COINOTAG reveals a significant accumulation trend by the BlackRock ETF, which has amassed 12,272 BTC over the past two weeks, equating to approximately $742 million. This notable increase follows a period from August 27 to September 24, during which Bitcoin traded below the $60,000 threshold, leading to minimal purchases by the BlackRock ETF address. As of now, this address holds a remarkable total of 369,822 BTC, valued at around $22.4 billion. The renewed buying activity post-September 24 indicates a strategic shift in investment focus, suggesting confidence in Bitcoin’s market trajectory. Institutional interest, particularly from heavyweight players like BlackRock, continues to shape the crypto investment landscape, potentially influencing broader market dynamics. Observers will be keen to see how this accumulation impacts future price movements amid an evolving regulatory environment.