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BlackRock added $167.5M in one day - what does this mean for bitcoin?

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I’m researching bitcoin and saw that BlackRock’s ETF added $167.5M in a single day, with steady inflows recently.

Do you think this kind of institutional buying is a strong long-term signal or just normal market behaviour?

Curious to hear different views.
https://bfmtimes.com/blackrock-etf-adds-167-million-btc-in-a-day-as-market-recovers/

submitted by /u/Mammoth_Cover_3392
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