Bitcoin ETF

Quantum

BlackRock

<ul class="wp-block-list">
 <li>BlackRock’s Bitcoin ETF (IBIT) recorded $394.1M inflows, showcasing strong institutional interest despite market concerns.&nbsp;&nbsp;</li>  
 <li>Google’s Willow chip has sparked discussions on Bitcoin’s encryption security, though experts see no immediate threat.&nbsp;&nbsp;</li>  
 <li>Despite volatility and technological advancements, Bitcoin ETFs like Fidelity and Grayscale continue to attract significant investments.&nbsp;</li> 
</ul>  
<p>BlackRock, the world’s largest asset manager, has maintained a streak of inflows in its exchange-traded funds (ETF) over the past 12 days. <a href="https://farside.co.uk/btc/" target="_blank" rel="noopener noreferrer nofollow">Data from Farside Investor revealed</a> that BlackRock’s iShares Bitcoin Trust (IBIT) recorded significant inflows of $394.1 million on Monday, contributing to a total daily inflow of $479.1 million across major Bitcoin ETFs. While IBIT led the surge, Fidelity’s FBTC added $175.5 million, with Grayscale’s BTC contributing $7.2 million. Other ETFs, including those managed by Bitwise and Ark, recorded no significant flow changes.</p>  
<p>Despite this momentum,<a href="https://cryptonewsland.com/blackrocks-1-9-billion-etf-options-debut-sparks-bullish-surge-btc-sets-sights-on-100k/" target="_blank" rel="noopener noreferrer nofollow"> BlackRock’s IBIT</a> saw a notable dip compared to last Thursday’s performance, where it reached an inflow of $770.5 million. This reduction coincided with broader market developments, sparking discussions about potential factors influencing the ETF market.</p>  
<h2 class="wp-block-heading" id="h-quantum-computing-and-bitcoin-security"><strong>Quantum Computing and Bitcoin Security</strong></h2>  
<p>The recent unveiling of Google’s Willow quantum computing chip has raised questions about its potential implications for Bitcoin's security. Willow, capable of solving highly complex problems within minutes, represents a significant technological leap. The same task would take billions of years for traditional supercomputers. Some stakeholders see this as a breakthrough with an eye on potential future steps, which they argue can lead to the breakage of SHA-256 used to secure Bitcoin.</p>  
<p>However, authorities have dismissed these fears. Current quantum computers, including Willow, are far from achieving the computational capacity to crack Bitcoin's encryption. Tech analyst Cinemad Producer pointed out that Willow’s 105 qubits fall significantly short of the estimated one million high-quality qubits required to compromise the Bitcoin network. This technological gap suggests that fears over Bitcoin’s vulnerability remain speculative.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/CinemadProducer/status/1866266046543597959
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<h2 class="wp-block-heading" id="h-market-performance-amid-concerns"><strong>Market Performance Amid Concerns</strong></h2>  
<p>Market observers have drawn connections between BlackRock’s recent ETF inflow reduction and Google’s announcement of its Willow chip. Whereas some believe that such incidents may have contributed to the change in investor sentiment towards ETFs, others believe that fluctuations in ETF performance are due to other factors, such as market risks and macroeconomic factors. Fidelity and Grayscale <a href="https://cryptonewsland.com/bitcoin-etfs-see-inflows-surge-as/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> received massive investment flows as they retained playable ground due to technological advancement and market volatility.</p>  
<p>At the crossroads of quantum computing and cryptocurrency, those in the industries watch the two as more growth occurs. While the current generation of quantum computers poses no immediate threat to Bitcoin, ongoing innovations could reshape the landscape in the coming years. For now, the ETF market’s performance highlights continued institutional interest in Bitcoin as a financial asset, even as discussions about its long-term security persist.</p> 
<p>The post <a href="https://cryptonewsland.com/blackrock-bitcoin-etf-inflows-hold-amid-concerns-over-quantum-computing/" rel="noopener noreferrer nofollow">BlackRock Bitcoin ETF Inflows Hold Amid Concerns Over Quantum Computing</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

BlackRock Bitcoin ETF Inflows Hold Amid Concerns Over Quantum Computing

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