Bitcoin price eyes prodded above $104,000 on Friday as Asia’s top ETF investor pours $691M into BlackRock’s BTC fund, reinforcing global institutional confidence. Could the rising spate of institutional inflows propel BTC above $120,000 in the weeks ahead. Bitcoin (BTC) Price Eyes $120K After Asia’s Largest ETF Investor Boosts BlackRock Exposure At press time, Bitcoin (BTC) traded at $104,007, holding above the psychologically critical $104,000 mark despite heightened volatility in the altcoin market this week. This resilience is being fueled by a surge of institutional interest, most notably from Asia’s largest ETF investor, who has now raised its investment in BlackRock’s Bitcoin ETF to $691 million. Avenir Group Confirms Holdings in Blackrock’s Bitcoin ETF (IBIT) and Fidelity’s (FBTC), May 2025 On Thursday, Avenir Group, Asia’s largest institutional investor in Bitcoin ETFs, has significantly increased its holdings in BlackRock’s iShares Bitcoin Trust (IBIT), according to a recent SEC filing. As of… Read More at Coingape.com

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Filed under: News - @ May 16, 2025 7:52 pm