Bitcoin ETF

Bitcoin

BlackRock

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/blackrock-bitcoin-etf-draws-significant-inflows" data-wpel-link="internal" rel="noopener noreferrer nofollow">BlackRock Bitcoin ETF Draws Significant Inflows</a><br></p>
<p style="text-align: justify">BlackRock’s <a href="https://en.bitcoinhaber.net/bitcoin-surges-after-trump-assassination-attempt" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> ETF (IBIT) has gained substantial traction, drawing in an astonishing $778 million on a single day and accumulating nearly $3 billion in the past week alone. This surge in inflows has played a pivotal role in bolstering the $30 billion trading volume within the Bitcoin market, which includes notable stocks such as MSTR and COIN. Experts predict that Bitcoin prices could potentially reach $100,000 by the end of November.</p>
<h2 id="what-sets-blackrock-s-etf-apart">What Sets BlackRock’s ETF Apart?</h2>
<p style="text-align: justify">Within just ten months of its introduction, BlackRock’s IBIT has emerged as a dominant force in the U.S. Bitcoin ETF landscape, amassing close to $29 billion in total inflows. Its rapid success has positioned it to be nearly three times larger than its closest competitor, Fidelity’s FBTC.</p>
<h2 id="is-this-momentum-sustainable">Is This Momentum Sustainable?</h2>
<p style="text-align: justify">On November 12, IBIT recorded over $750 million in inflows for the second consecutive day, contributing to a total of $817 million for the day, with U.S. Bitcoin ETFs acquiring 9,040 <a href="https://en.bitcoinhaber.net/wolfe-research-foresees-a-bitcoin-rally-as-a-prime-buying-opportunity" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>. Over the past week, the influx into nine ETFs reached an impressive $4.2 billion, largely thanks to IBIT’s performance.</p>
<p style="text-align: justify">The recent trend suggests that institutional investors are ramping up their Bitcoin purchases, spurred by a series of favorable market developments, including Trump’s election. As a result, U.S. Bitcoin ETFs have seen their total assets surpass $90 billion, inching closer to matching the asset levels of gold ETFs.</p>
<ul>
 <li>The BlackRock Bitcoin ETF (IBIT) has outpaced its competitors significantly.</li>
 <li>Inflows indicate strong institutional interest, signaling a bullish outlook.</li>
 <li>Experts foresee Bitcoin reaching $100,000, supported by current market momentum.</li>
</ul>
<p style="text-align: justify">With the current inflow trends, Bitcoin’s momentum appears poised for substantial growth, with expectations of breaking the critical price of $90,000 and targeting $100,000 soon. Experts like Antoni Trenchev stress the importance of holding onto BTC investments during this bullish phase.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/blackrock-bitcoin-etf-draws-significant-inflows" data-wpel-link="internal" rel="noopener noreferrer nofollow">BlackRock Bitcoin ETF Draws Significant Inflows</a></h5>

BlackRock Bitcoin ETF Draws Significant Inflows

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