💰 #BlackRock Just Dropped $600M on #Crypto
When the world’s biggest asset manager moves, everyone pays attention.
And this week? They went all-in on Bitcoin and Ethereum.
🏦 The Big Buy
On October 2, BlackRock poured $446M into Bitcoin and $177M into Ethereum. That’s a whopping $623M in a single day.
They now hold nearly $111.5B worth of BTC and ETH combined.
📊 Uptober Energy
Spot Bitcoin ETFs have been stacking green inflows every single day since September 26.
Translation: institutional FOMO is alive and well.
🔥 Not Just BlackRock
Fidelity added $89M. ARK grabbed $45M. Even Ethereum ETFs had a strong day, with Fidelity ($60M) and Bitwise ($46M) leading the charge.
Only two ETF issuers sat this one out.
🚀 Price Action Loves It
Bitcoin is holding above $120K (yes, still looks crazy to say that) and Ethereum is chilling around $4,481.
Both are up double-digits this week, and Citigroup analysts just raised their year-end targets to $132K for BTC and $4.5K for ETH.
😏 Institutions Were “Skeptics”… Until Now
Funny how quickly “crypto is risky” turns into “crypto is $600M in our portfolio.”
Guess Wall Street likes Uptober too.
So here’s the real question: Are these inflows the start of another mega rally… or just Wall Street flexing?
What do you think about this?
