Bitcoin

<a href="https://optimisus.com/news/crypto-news/blackrocks-us-bitcoin-etfs-gains-75-million-in-new-inflows-on-august-22/" rel="noopener noreferrer nofollow">BlackRock&#39;s iShares Bitcoin Trust (IBIT)</a> encountered tepid inflows in September, although there was an increase in Bitcoin&#39;s price. The trust secured only $6.76 million, reflecting a prudent stance among investors.Despite an almost 5% increase in Bitcoin&#39;s value, Bitcoin ETFs faced substantial withdrawals, totaling $155.3 million across the industry. On September 16, BlackRock&#39;s IBIT experienced a transient inflow of $15.82 million, countered by a prior outflow of $9.06 million, culminating in a minor net inflow.This performance indicates pervasive market apprehension, as traders contend with uncertainties regarding Bitcoin&#39;s potential price fluctuations and overarching economic influences.<a href="https://optimisus.com/market/market-news/blackrock-is-now-the-largest-digital-asset-fund-manager-with-an-aum-of-22-billion/" rel="noopener noreferrer nofollow">BlackRock</a> has published research emphasizing Bitcoin&#39;s potential as a distinctive diversification instrument for global portfolios, underscoring its scarcity, decentralization, and worldwide attractiveness.The analysis indicates that Bitcoin has consistently surpassed major asset classes in seven of the last ten years, attaining yearly returns exceeding 100%. The paper identifies Bitcoin as a prospective safe haven asset, particularly during global crises, owing to its non-sovereign and decentralized characteristics.BlackRock recommends prudence owing to Bitcoin&#39;s considerable volatility and the changing regulatory environment, which may substantially affect its adoption and valuation over time.

BlackRock's Bitcoin ETF saw minimal inflows in September

Optimisus

Other articles published on Sep 19, 2024

Worldcoin Launches World ID in Poland, WLD Price Surges 10%

Cypher Capital Joins a $15M Seed Round for Hemi Labs to Enhance Blockchain Interoperability

Ether.Fi Partners with Scroll to Launch Crypto-Backed Visa Credit Card

ParaFi Capital Chooses Avalanche for Tokenization of its $1.2B Fund

Sea of green in crypto as Reef, First Neiro on ETH, Solar lead

Daddy Powell (DADDPOWE) Will Explode Over 14,000% Before Exchange Listings, While Shiba Inu and D...

Join our free newsletter for daily crypto updates!