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Event PeriodAugust 12, 2025, 04:00 โ August 17, 2025, 16:00 UTC
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๐ฃ Bitcoin price explodes after massive $250 million purchase!๐๐
โ๏ธ On February 10, 2024, a massive purchase of bitcoin worth nearly $250 million by BlackRock's iShares fund caused the price of the crypto to jump. This movement is part of a global dynamic of record purchases by ETFs in recent weeks, reflecting the voracious appetite of institutional investors to gain exposure to Bitcoin without directly holding it.
๐ Historic crypto purchase volumes
โ๏ธ On February 10 alone, iShares acquired nearly $250 million worth of Bitcoin, or more than 5,200 BTC, on behalf of its ETF. At the same time, 8 other Bitcoin ETFs purchased the equivalent of an additional $300 million, or more than 6,400 BTC.
โ๏ธ In the month of February alone, more than $2.7 billion flowed into these listed index funds, allowing them to quickly accumulate large stocks of Bitcoin. A sign of investor enthusiasm for this new crypto exposure tool.
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