Bitcoin ETF

Bitcoin

<p>Bitcoin ETFs are on the brink of a historic milestone. In a recent X post, Nate Geraci, President of ETF Store, revealed that these funds are just 23,000 Bitcoin away from accumulating a staggering 1 million BTC. At current prices, an additional $1.55 billion in net inflows would be needed for the ETFs to purchase the remaining 23,107 BTC and hit the target.</p>   
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<p>Last week, Bitcoin ETFs saw inflows totaling $988 million, marking a significant boost. <a href="https://coinpedia.org/news/blackrocks-bitcoin-game-strategy-or-speculation/" target="_blank" rel="noreferrer noopener">BlackRock's </a>iShares Bitcoin Trust (IBIT) led the way with a record $1.15 billion in inflows in just one week. These strong ETF flows have aligned with a notable recovery in Bitcoin's price. In comparison, spot Ether ETFs only managed to draw in $78.89 million over the same period.</p>   
<h2 class="wp-block-heading" id="h-blackrock-s-ibit-takes-the-lead">BlackRock's IBIT Takes the Lead </h2>   
<p>With nearly $24 billion in assets, BlackRock's IBIT is now the top-performing ETF in terms of inflows among all ETFs launched over the past four years. Following it are Grayscale's Bitcoin Trust (GBTC) and Fidelity's Bitcoin ETF (FBTC), which have reached $14.72 billion and $12.42 billion, respectively. Ark Invest's ARKB and Bitwise's BITB round out the top five, with $2.65 billion and $2.28 billion in assets.</p>   
<p><strong>New Bitcoin ATH Brewing? </strong></p>   
<p>Bitcoin analyst Alessandro Ottaviani <a href="https://x.com/AlexOttaBTC/status/1850640694265679929" target="_blank" rel="noreferrer noopener nofollow">noted </a>that In the last two weeks, there were $3B net inflow from the Bitcoin Spot ETFs. <em>“If this pace continues through November, ATH will be inevitable,”</em> he noted.&nbsp;</p>   
<p>Supporting this outlook, a well-known trader pointed out that retail investors are driving 80% of the demand for Bitcoin ETFs. He called the BTC ETF the fastest-growing and most successful ETF in history, and added that institutional interest is still in the early stages.</p>   
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<h2 class="wp-block-heading" id="h-why-november-could-be-the-game-changer">Why November Could Be the Game Changer </h2>   
<p>November could prove crucial for the cryptocurrency market, with several key events on the horizon. Traders are preparing for potential tailwinds, including the <a href="https://www.youtube.com/watch?v=aP2Q_7rzNs0&amp;pp=ygUadXMgZWxlY3Rpb24gMjAyNCBjb2lucGVkaWE%3D" target="_blank" rel="noreferrer noopener">U.S. election</a>, the possibility of the Federal Reserve lowering interest rates, and Russia's decision to lift its ban on Bitcoin mining. </p>   
<p>These factors could significantly influence Bitcoin’s performance.</p>   
<p><strong>With record-setting ETF inflows and favorable conditions ahead, Bitcoin’s chances of reaching a new all-time high seem strong. Do you think BTC will set new records as demand for ETFs continues to surge?</strong></p>

Bitcoin ETFs Near 1 Million BTC Mark Amid Record Inflows

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