BlackRock Buys $970M in Bitcoin While Major Funds Sell

29 April 2025
|
21:00

As Fidelity, ARK Invest, and Grayscale offload Bitcoin holdings, a surprising countertrend has emerged.

BlackRock has stepped in with a massive $970 million BTC purchase. Blockchain analytics platform Arkham revealed the movement using visual chain analysis that highlights wallet clustering and transaction flows.

This divergence in institutional positioning could signal a deeper strategic play by BlackRock, suggesting long-term confidence in Bitcoin’s trajectory despite short-term volatility or profit-taking by other funds.

Here’s Why Bitcoin Is Set to Hit $180K Amid the Biggest Drop Since 2008

The visualization shared by Arkham reinforces how institutional flows are reshaping on-chain dynamics, underscoring the growing sophistication in crypto capital deployment.

FIDELITY SOLD
ARK SOLD
GRAYSCALE SOLD

BUT BLACKROCK BOUGHT $970 MILLION USD OF $BTC pic.twitter.com/mr1XrcH3NM

— Arkham (@arkham) April 29, 2025

Author

Kosta Gushterov

Reporter at Coindoo

Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.