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 joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.