The world’s largest property manager, Blackrock, was surprised by the crypto market this week by buying more than $ 1 billion Bitcoin and Ethereum for their ETFs in one day, in the middle of one of the most sharp market falls this summer.
Dana 14. Augusta, only a few hours after the product’s price index (PPI), which were stronger than expected, was caused by the prices of cryritional Trust (Ibit) and Ishares Ethereum Trust (Etha) performed one of its greatest daily battery moves ever.
According to Arkham, the company bought 4,428 BTC worth approximately $ 526 million for your Spot BitCoin ETF and 105,900 ETH worth approximately $ 488 million, thus reaching the total daily purchase more than $ 1 billion.
The aggressive purchase followed that the Institute for Statistics reported that the index of producer prices increased by 0.9% for July, which is significantly above the economist of 0.2%, which is the largest increase in February 2025.
As a result, Bitcoin fell from the latest record above $ 123,700 to 119,098 dollars, while Ethereum fell from $ 4,765 to only $ 4,452 before recovering above $ 4,640.
Inflation data, which were warmer than expected, launched a sales of risky property, deleting $ 133 billion from the total capitalization of the crypto in 24 hours in positions with Leverage in 221,000 traders.
For many observers, timing was indicative. “Blacrock invested everything in BTC and ETH yesterday,” Bitbull trader said. “This shows that big money wants a little falling to accumulate more. I hope you didn’t sell your Blackrock coins.”
Despite the sale, the American Spot Bitcoin ETF attracted 230.93 million dollars of net inflow 14. Augusta, almost entirely led by Blacrock’s Ibit with 523.74 million dollars.
