Green light for crypto: BlackRock’s acquisition of 4,100 BTC valued at 398.6 million USD on December 9, 2024, signals a green light for crypto. This purchase helped lift Bitcoin’s price to 97,349.10 USD, a sharp increase reflecting the market’s bolstered confidence.

Institutional inflows rise: The December purchase triggered 483.6 million USD in daily inflows to Bitcoin ETFs, pushing total net assets over 111.6 billion USD. This underscores rising institutional interest and steady growth, with inflows jumping from 50 million USD in January to 900 million USD by March.