US Institutional Investors Amplify Bitcoin Accumulation Amidst BlackRock’s ETF Application

Famous on-chain analyst William Clemente stated that US institutional investors amplified their Bitcoin (BTC) purchases around the time the world’s largest asset management company, BlackRock, applied for a Bitcoin exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC). Increase in US Institutional Investors’ Interest in Bitcoin In an interview with Bitcoin bull Anthony Pompliano, Clemente cited three pieces of evidence that US-based institutional investors have been actively accumulating BTC since BlackRock’s application for a spot Bitcoin ETF with the SEC. By observing various trading sessions throughout the day, Clemente pointed to an increase in market activity in the US, saying, “We can see the ETF trading has been influential in a few different things. So, who is primarily doing this trading? It appears to be US-based institutional investors. There are two things I’m looking at as evidence. First, what we can see from the Velo data, something called […] The post US Institutional Investors Amplify Bitcoin Accumulation Amidst BlackRock’s ETF Application appeared first on COINTURK NEWS.