BlackRock Buys $970M in Bitcoin While Major Funds Sell

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.

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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

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