BlackRock extended its Bitcoin accumulation streak on August 27 with a purchase worth $200.76 million, according to data from Whale Insider. The move came as U.S. spot Bitcoin ETFs recorded a combined net inflow of approximately $232.12 million during the latest trading session.
Bitcoin has been trading with renewed bullish momentum after breaking above the $80,000 resistance level. At the time of writing, BTC was changing hands around $79,502, up 1.24% over the previous 24 hours. Additional ETF flow data showed single-day inflows of 3,085 BTC, or roughly $244.63 million, while weekly net flows reached 23,884 BTC, approximately $1.89 billion.
Market participants noted that BlackRock had been selling Bitcoin during the asset’s recent volatile stretch, making the renewed buying streak a notable confidence signal. Analysts suggested that sustained institutional demand through regulated ETF products could support further price stability and attract additional capital into the digital asset market.
