BlackRock’s Bitcoin and Ether ETFs Acquire $1 Billion as BTC Price Nears CME Gap Closure

BlackRock’s Bitcoin and Ether exchange-traded funds (ETFs) have experienced substantial capital inflows, with approximately $1 billion worth of digital assets purchased. This significant acquisition occurs as the price of Bitcoin continues its upward trajectory, largely filling the gap on the Chicago Mercantile Exchange (CME). This movement reflects robust institutional interest in cryptocurrencies, potentially driving further price appreciation. Investors appear confident in the long-term investment potential of digital currencies, signaling a positive outlook for the cryptocurrency market.