As Fidelity, ARK Invest, and Grayscale offload Bitcoin holdings, a surprising countertrend has emerged.
BlackRock has stepped in with a massive $970 million BTC purchase. Blockchain analytics platform Arkham revealed the movement using visual chain analysis that highlights wallet clustering and transaction flows.
This divergence in institutional positioning could signal a deeper strategic play by BlackRock, suggesting long-term confidence in Bitcoin’s trajectory despite short-term volatility or profit-taking by other funds.
The visualization shared by Arkham reinforces how institutional flows are reshaping on-chain dynamics, underscoring the growing sophistication in crypto capital deployment.
FIDELITY SOLD
ARK SOLD
GRAYSCALE SOLDBUT BLACKROCK BOUGHT $970 MILLION USD OF $BTC pic.twitter.com/mr1XrcH3NM
— Arkham (@arkham) April 29, 2025
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/blackrock-buys-970m-in-bitcoin-while-major-funds-sell/