Bitcoin ETF
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Cryptocurrency
BlackRock Bitcoin ETF Sees Record $875M Inflow – A Potential Turning Point?
The ETF market is gaining momentum once again, with analysts predicting a renewed surge after a recent downturn. A significant contributor to this revival is BlackRock’s iShares Bitcoin Trust ETF (IBIT), which has achieved a remarkable milestone by attracting an astonishing $875 million in fresh investments in a single day. This notable influx, as reported by SoSoValue, marks the largest single-day inflow ever recorded for this ETF, underscoring the growing…
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Cryptocurrency
Will Bitcoin Continue to Rise While Ethereum Falls Behind?
Over the past month, Bitcoin has demonstrated a notable increase, recording a surge of 8.5%. In contrast, Ethereum has faced a decline of 1.0% during this same period. Observing the Bitcoin Spot ETF market since October 15, there has been just a single day of negative inflow, with yesterday witnessing an impressive inflow of +$472.60M. Meanwhile, the 2-year US Treasury Bond Yield, which stood at approximately 5.035% in late April,…
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Cryptocurrency
BTC ETFs Near Significant Milestone as Inflows Reach Record Levels
Bitcoin ETFs Approaching a Milestone In a recent update, Nate Geraci, President of ETF Store, highlighted the growing significance of Bitcoin exchange-traded funds (ETFs). These ETFs are on the brink of achieving a notable milestone—amassing a total of 1 million Bitcoins. Currently, they are just 23,000 Bitcoin shy of this target. To reach this goal, ETFs would need to secure approximately $1.55 billion in net inflows at the current market…
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