BlackRock and Fidelity Buy $400M in Bitcoin as Gold Enters Bear Market — Is Institutional Capital Rotating?

Key Takeaways BlackRock and Fidelity were net buyers of Bitcoin last week. Gold has entered a technical bear market. Rotation narrative remains contested. Global markets showed signs of strain on Monday as precious metals extended sharp losses and Bitcoin hovered near recent lows, even as large asset managers BlackRock and Fidelity appeared to step in as buyers. The moves, driven in part by escalating tensions in the Middle East, have fueled speculation among traders over whether institutional c ...