Bitcoin continues to capture the attention of institutional investors, with notable activity from BlackRock, which has been increasing its investments for 16 consecutive days. This creates a positive atmosphere in the market, contributing to the growth of other assets, including Ethereum.
BlackRock Expands Its Bitcoin Holdings
BlackRock has extended its aggressive Bitcoin accumulation strategy, adding $430 million to its assets. Notably, there have been no outflows from BlackRock's Bitcoin ETF during this time. This sustained inflow signals a long-term investing strategy.
Ethereum Shows Growth and Approaches Key Levels
Ethereum is showing a growth trend again after its drop in late June. The asset remains one of the few large Layer 1 assets demonstrating structural strength. Traders are focusing on Ethereum's ability to maintain the $2,800 level as support.
Capital Flows in the Crypto Market and Attention to New Projects
In light of growing investments in Bitcoin and Ethereum, new projects like Remittix are emerging, aiming to offer solutions for crypto-to-fiat conversions. The rise of such platforms may improve financial infrastructure in regions where traditional remittance services are expensive and slow.
The rise in institutional investments in Bitcoin and Ethereum highlights strong interest in these assets. The attention to new projects like Remittix also demonstrates a drive to enhance financial infrastructure in the crypto sector.
