Just checked Arkham and caught something interesting - BlackRock's bitcoin ETF is sitting on over $59 billion in holdings right now. What caught my eye is their average entry was around $89K, which is pretty wild considering where BTC is trading at the moment. The bitcoin ETF had a rough patch back in late February but has bounced back over $11 billion since then. Pretty solid recovery considering the volatility we've seen. Makes you wonder what their next moves are with these massive bitcoin ETF positions they're holding.

BTC-0.58%
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