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BlackRock ETF news may have kickstarted Bitcoin accumulation

The news seemed to have spurred on Bitcoin accumulation from many different cohorts

James Van Straten
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James Van Straten
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Quick Take

  • On June 15, we had news of the BlackRock spot ETF being filed, and now we are waiting on the verdict of the SEC.
  • Only one of BlackRock's 576 ETFs it has filed has been denied by the SEC.
  • The news seems to have spurred on Bitcoin accumulation from many different cohorts.
  • Whales with 10,000 Bitcoin or more are still in accumulation but in a much lighter tone, according to Glassnode data as of June 19.
  • Other cohorts are starting to see light accumulation aside from the 100-1,000 Bitcoin cohort.
Accumulation Trend Score by cohort: (Source: Glassnode)
Accumulation Trend Score by cohort: (Source: Glassnode)
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James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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