BlackRock's Bitcoin and XRP Bets Fuel Whales' Profits
BlackRock's investments in Bitcoin and XRP have prompted investors to take profits. Despite Bitcoin holding steady at $78,456, whales made a profit of $614 million in just one day.
XRP suffered a weekly loss of 7% as its price dropped to $1.41.
The surge in institutional demand is evident from the $5 billion+ same-day trades on IBIT.