BlackRock acquires $50 million in Bitcoin during the decline: strategy or trust in the market?
While some asset managers have reduced their exposures, BlackRock has chosen an opposite approach, purchasing nearly 50 million dollars in Bitcoin. According to data from Arkham Intelligence, the 10 trillion dollar giant has acquired about 515 BTC, signaling a clear long-term interest in the leading cryptocurrency.
BlackRock focuses on Bitcoin while others sell
Grayscale Investments and Invesco have recently sold part of their Bitcoin reserves, although the motivations are not yet clear.
This contrast of strategies highlights an interesting dynamic in the spot Bitcoin ETFs market. While some players seem cautious in the face of macroeconomic uncertainties, BlackRock continues to strengthen its position.
At the moment, the giant of asset management holds about 60 billion dollars in Bitcoin, consolidating its leadership among institutional investors.
The Bitcoin ETF market has recorded two consecutive days of net outflows, according to data from Farside Investors. Among the 11 asset managers involved, only BlackRock has continued to accumulate positions, highlighting a contrarian strategy compared to the other operators. With this latest purchase, BlackRock now holds about 2.7% of the entire Bitcoin supply, a signal of confidence despite the recent price volatility.
Despite the fluctuations, Bitcoin has recorded an increase of over 6% in the last month, a sign that investor interest remains high.
According to the forecasts of CoinCodex, the asset could reach new all-time highs during the year, with a price forecast exceeding 159,000 dollars by May 8, 2025.
However, the recent drop due to inflation data in the United States raises questions about the possibility of Bitcoin reaching the psychological threshold of $100,000 in the coming months.
Goldman Sachs increases exposure to Bitcoin ETFs
In addition to BlackRock, other institutions are also increasing their positions in funds linked to Bitcoin. Goldman Sachs, for example, has more than doubled its exposure to Bitcoin ETFs in Q4 2024, going from 710 million to 1.57 billion dollars, recording an increase of 121% in just one quarter. This indicates a growing interest from some of the largest global financial institutions.
The recent drop in the price of Bitcoin (-1.8% on February 12) was influenced by inflation data in the United States, which exceeded expectations.
The consumer price index (CPI) for January showed an increase of 3% year-on-year, bringing the cryptocurrency to test a key support level around $94,200. Economic uncertainty, along with the policies of the Trump administration, including the new tariffs, could continue to impact the market trend.
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Conclusion
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The purchase of Bitcoin by BlackRock during a period of market weakness suggests a long-term bull outlook. While other asset managers are liquidating their positions, the financial giant seems determined to strengthen its exposure to criptovalute.
With the ETF market constantly evolving and institutions like Goldman Sachs increasing their holdings, Bitcoin could be on the road to new highs in the coming months. However, macroeconomic uncertainties and global economic policies will remain key factors to monitor closely.
