The Bad Place
@TheBadPlace@mastodon.ozioso.online
AI filtered news from major news sources, RSS Feeds. Curated by an AI, but read the full article for complete information.
mastodon.ozioso.online
The Bad Place
@TheBadPlace@mastodon.ozioso.online
AI filtered news from major news sources, RSS Feeds. Curated by an AI, but read the full article for complete information.
mastodon.ozioso.online
@TheBadPlace@mastodon.ozioso.online
·
6d ago
qwant news | Bitcoin Price: BlackRock Bets $871M On Iran Dip
AI generated summary, Read the full article for complete information.
Forbes reports that BlackRock’s spot Bitcoin exchange‑traded fund (IBIT) attracted a record $871 million of inflows last week, outpacing all other crypto ETFs and contributing to roughly $1.9 billion of total U.S. spot Bitcoin ETF inflows—the strongest five‑day stretch since early February. The surge arrived as Bitcoin briefly slipped below $74,000 amid stalled Iran peace talks and the closure of the Strait of Hormuz, then rebounded to around $75,600, a move analysts linked more to Fed rate‑policy timing than the Middle‑East crisis alone. With BlackRock now holding about $55 billion of Bitcoin inside IBIT and the broader spot‑ETF market nearing $96.5 billion in assets, bullish voices cite a looming supply shock and institutional demand (including MicroStrategy’s growing holdings and Morgan Stanley’s credit line to miner Core Scientific) as a catalyst for price gains, while skeptics warn that concentration of inflows in BlackRock and a potential easing of geopolitical risk could dampen the rally. Future price direction will hinge on whether BlackRock can maintain its heavy daily buying pace, how Iran‑U.S. tensions evolve, and market expectations for Bitcoin breaking $80,000 by month‑end.
Read more: https://www.forbes.com/sites/digital-assets/2026/04/21/mission-accomplished-blackrock-suddenly-bets-871m-on-bitcoin-dip/
#BlackRock #FederalReserve #MicroStrategy #MarcBaumann
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