Bitcoin ETF

Million

BlackRock

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/blackrocks-bitcoin-etf-exceeds-1-million-btc" data-wpel-link="internal" rel="noopener noreferrer nofollow">BlackRock’s Bitcoin ETF Exceeds 1 Million BTC</a><br></p>
<p style="text-align: justify">The <a href="https://en.bitcoinhaber.net/mt-gox-to-release-bitcoin-in-july" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> ETF sector has achieved a remarkable benchmark, surpassing 1 million <a href="https://en.bitcoinhaber.net/bitcoin-investors-cautioned-as-whales-and-technical-indicators-suggest-volatility" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> in holdings only ten days following its introduction. The iShares Bitcoin Trust (IBIT) from BlackRock is at the forefront, garnering significant attention due to its robust performance and considerable capital inflows.</p>
<h2 style="text-align: justify" id="strong-blackrock-ibit-etf-dominates-market-strong"><strong>BlackRock IBIT ETF Dominates Market</strong></h2>
<p style="text-align: justify">On October 30, spot Bitcoin ETFs saw inflows reach an impressive $893 million, marking the second-highest single-day influx since the January 2024 launch. Of that total, over $870 million was funneled into the BlackRock IBIT ETF, elevating its cumulative volume to $25.5 billion—setting a record for daily inflows for IBIT.</p>
<h2 style="text-align: justify" id="strong-is-institutional-interest-in-bitcoin-rising-strong"><strong>Is Institutional Interest in Bitcoin Rising?</strong></h2>
<p style="text-align: justify">The increasing demand for spot Bitcoin ETFs signals a growing commitment from institutional players. Initially dominated by retail investors, the sector now sees institutions holding about 20% of ETF assets, with expectations that this share could reach 40% in the next year. This trend coincides with heightened investor confidence as the US elections draw near, prompting major firms like MicroStrategy to bolster their Bitcoin holdings.</p>
<p style="text-align: justify">Key takeaways from the current Bitcoin ETF landscape include:</p>
<ul>
 <li>BlackRock’s IBIT ETF leading with significant inflows.</li>
 <li>Institutional investors are increasing their stake, currently at 20% and projected to reach 40%.</li>
 <li>Market optimism is rising due to impending US elections.</li>
 <li>Bitcoin trading around $72,200, with potential for new record highs.</li>
</ul>
<p style="text-align: justify">As the Bitcoin ETF market expands, interest in digital assets is intensifying. This momentum, especially in light of the upcoming US elections, could further stimulate Bitcoin prices and market activity over the coming months.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/blackrocks-bitcoin-etf-exceeds-1-million-btc" data-wpel-link="internal" rel="noopener noreferrer nofollow">BlackRock’s Bitcoin ETF Exceeds 1 Million BTC</a></h5>

BlackRock’s Bitcoin ETF Exceeds 1 Million BTC

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