Despite the downturn in the broader market, Blackrock is continuing to buy BTC at a record pace. On the other hand, DOGE is dumping as traders switch to utility tokens.
While retail traders have been panic dumping their BTC in the previous week, institutions like Blackrock are continuing to acquire Bitcoin at historic rates. The IBIT Spot Bitcoin ETF made history with an acquisition of over 12,000 BTC on 31 October. This supposed Over-the-Counter (OTC) trade has been a signal of growing Wall Street interest in the decentralized sector. On the other hand, a new viral DeFi platform is attracting large inflows from Dogecoin (DOGE) holders.
Blackrock Hoards BTC Supply With Over $870 Million Inflows
Financial giant Blackrock is continuing to aggressively acquire BTC through the IBIT Spot Bitcoin ETF. In the latest update, IBIT inflows showed over $870 million in single-day inflows on…
