BlackRock's recent Bitcoin Exchange-Traded Fund (ETF) filing has sent shockwaves through the U.S. market, sparking a renewed wave of Bitcoin accumulation. But what does on-chain data reveal about the real impact of this move on U.S. Bitcoin holdings? And how might this shift the balance of cryptocurrency power globally?
BlackRock’s Bitcoin ETF filing fuels U.S. accumulation BlackRock’s Bitcoin ETF filing fuels U.S. accumulation
BlackRock's Bitcoin ETF filing triggers a new wave of Bitcoin accumulation in the U.S, signaling a potential shift in market dynamics.
2 min read
Updated: July 13, 2023 at 4:17 pm
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
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BlackRock, synonymous with global asset management, is an American multinational investment management corporation based in New York City.
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