Scaramucci seems to be following particularly the progress of BlackRock’s milestones as if it means something for him personally. Two weeks ago, the financier also drew his followers’ attention to the fact that iBIT had surpassed the $5 billion mark of the acquired Bitcoin by then. Scaramucci is known to be a vocal cryptocurrency supporter, not only of Bitcoin but also Ethereum and several other major altcoins. The aforementioned fund founded by Scaramucci allows customers to invest in Bitcoin, Ethereum and other digital currencies.
Bitcoin ETFs keep scooping up $BTC
According to the @lookonchain blockchain sleuth, on Feb. 29, eight spot Bitcoin funds purchased nearly $1 billion worth of the leading global cryptocurrency – 14,934 $BTC valued at $940 million.
From this impressive amount, BlackRock sucked in 10,140 $BTC worth $638 million. The second largest acquisition of Bitcoin on Thursday was made by the Fidelity Bitcoin ETF as it saw an inflow of 4,066 $BTC (the equivalent of $255.9 million). Grayscale ETF sold 2,223 $BTC on that day ($139.8 million).
On Feb. 28, slightly less $BTC was acquired by the ETFs in total – 12,187 $BTC ($745 million). BlackRock’s share here constituted 9,114 $BTC. As of now, BlackRock’s iBIT holds 151,536 $BTC.
Bitcoin's staggering price action
The continuous acquisition of Bitcoin by the aforementioned funds is believed to have led to the recent Bitcoin price surge as $BTC gained a whopping 23.52% earlier this week, growing between Monday and Thursday to reach the $63,000 price level.
This explosive increase has now been broken, however, and within the last 24 hours, Bitcoin has shed some of its recent gains – 3.31% earlier today, falling back to the $60,000 zone. By now, though, Bitcoin has been restored to the $62,000 mark, having added 1.84%.
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