BlackRock Bolsters Biticon with $136.5M Investment Amid Crypto ETF Flows

The US spot crypto ETF flows for July 17 showed significant activity in major cryptocurrencies. Bitcoin saw an influx of $132.3 million, while Ethereum received $36.7 million. In contrast, Hyperliquid experienced a net outflow of $5.5 million.

BlackRock, a well-known financial institution, made a notable investment in Biticon, purchasing $136.5 million worth of the asset. This development highlights the growing interest in cryptocurrency among traditional financial players.