BlackRock buys $545.6M in Bitcoin, sells $253.9M in Ether over four days
- —IBIT purchased $545.57 million in BTC over four trading days, net assets at $9.62 billion
- —ETHA divested $253.87 million in ETH, with $201.89 million leaving on October 6
- —ETHA holds 3,656,389.78 ETH, worth more than $9.8 billion
- —BTC rose 1.13% to $83,960 while ETH fell 3% to $2,597
Why it matters: Diverging flows at the largest ETF issuer signal institutional demand rotating from Ether toward Bitcoin.
Source: Finbold