Market Shift: Investment Giant BlackRock Reports Historic $860 Million Spike in Cryptocurrency Inflows
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**BlackRock Rules Bitcoin and Ethereum ETF Game with Historic $860 Million Spike**
In a shocking turn of events, it appears that BlackRock has made a significant impact on the cryptocurrency market. According to recent reports, the investment giant has seen an influx of $860 million in just one day alone, shattering all previous records.
This monumental spike is particularly noteworthy given the current state of the market. In recent weeks, there have been concerns over net outflows from Grayscale’s Ethereum Trust, which could potentially slow down ETH’s price appreciation.
However, BlackRock’s unprecedented inflows are a stark contrast to these negative trends. As a result, it’s clear that the ETF (Exchange-Traded Fund) game has seen a significant shift in favor of the blackrock-backed funds.
It’s difficult to ignore the sheer scale of this influx, and as such, we must acknowledge its potential impact on the market.
Source: u.today
