BlackRock and Fidelity’s Crypto Moves Defy Market Panic Selling

• Hedge funds like BlackRock and Fidelity increase crypto holdings amid retail panic selling.
• Significant Ethereum ETF inflows show institutional confidence despite Grayscale outflows.
• BlackRock’s Bitcoin ETF hits $1.55B trading volume, indicating strong market interest.

The recent movements in the crypto market have ignited discussions regarding the actions of major investment funds like BlackRock, Fidelity, and Berkshire Hathaway. Market analysts have highlighted that these major players continue to add to their portfolios, despite panic selling seen among retail investors.

Recent data indicates that some of the largest hedge funds, including BlackRock and Fidelity, have increased their holdings rather than selling off their assets.

Doctor Profit, a market analyst in the crypto community, noted that while many retail investors panic selling, leading institutions are actively buying more shares. In a recent post, he emphasized that BlackRock and Fidelity added more to their portfolios, contrasting with the actions of smaller investors.

A follower questioned Doctor Profit’s claims by pointing out that Berkshire Hathaway reportedly sold tens of billions in equities.

However, Doctor Profit suggested that such actions were part of a broader strategy, potentially involving buying back shares in the future. This highlights these institutions’ nuanced approach, often not visible to the casual observer until quarterly announcements are made.

Supporting the observation of institutional interest, WhalePanda, a crypto analyst, shared insights on Ethereum ETFs. The data revealed significant inflows, with BlackRock seeing $47.1 million, Fidelity $16.2 million, and VanEck $16.6 million.

Despite Grayscale’s ETHE experiencing $7.6 million in outflows, the overall sentiment remains optimistic. The price of Ethereum, which dropped from $3,000 to $2,100, has since rebounded to $2,450, reflecting renewed investor confidence.

Further illustrating the trend, WatcherGuru reported that BlackRock’s spot Bitcoin ETF reached $1.55 billion in trading volume within the first hour of trading. This milestone demonstrates substantial interest and investment in cryptocurrency, signaling a strong market presence for Bitcoin ETFs.

Ted, another crypto analyst, highlighted Ethereum’s undervaluation, pointing to BlackRock’s daily purchase of over $100 million worth of ETH.

He noted that Ethereum’s inflation rate remains lower than Bitcoin’s, and Grayscale’s selling pressure has decreased. Ted compared Ethereum’s current setup to Bitcoin’s 2020 cycle, suggesting the potential for a significant price surge once momentum builds.