BlackRock buys over $4 billion of these 2 cryptos this week
Crypto exchange-traded funds (ETFs) recorded strong inflows on Thursday, October 9, with both Bitcoin (BTC) and Ethereum (ETH) posting notable gains. Namely, of the ten Bitcoin ETFs, three saw a net inflow of 3,356 BTC (worth $407.04 million), with BlackRock leading the pack and pulling in 3,451 BTC ($418.48 million), according to the latest Lookonchain data reviewed by Finbold. Only Greyscale reported outflows, while the remaining six were unchanged. Overall, BTC ETFs are on their ninth day of consecutive inflows. Meanwhile, Ethereum ETFs saw a net inflow of 20,142 ETH ($86.61 million) in total, even with two of them, Greyscale and Fidelity, being in the red. BlackRock again dominated and added 32,968 ETH ($141.76 million) to its holdings. As of the time of writing, the asset manager holds 802,198 BTC, valued at $97.29 billion, as well as 4,083,486 ETH, worth approximately $17.56 billion. Daily Bitcoin and Ethereum ETF flows. Source: Lookonchain BlackRoc...