Blackrock’s IBIT ETF now holds upwards of $33 billion in assets, more than the asset manager’s gold fund.
Bitcoin ETF news
Spot Bitcoin ETF recorded a new all-time high of over $1.37 billion in net inflows a day after Trump’s victory.
BlackRock’s spot Bitcoin ETF has surpassed $1 billion in inflows for the first time since its launch in January.
Bitcoin price hit a new all-time high above $76,850, and multiple data points suggest that the rally has room to run higher.
The two whales have acquired $142 million worth of Bitcoin since Trump’s victory in the US election was confirmed, showing growing investor demand for Bitcoin.
More Ether-related ETFs could help ETH prices rise above the old all-time high of $4,800, recorded nearly three years ago.
Markets are bracing for post-election volatility, which may take Bitcoin as high as $100,000 before 2025.
BlackRock Bitcoin ETF saw its largest day of trading activity following Donald Trump’s reelection as the president of the United States.
Some analysts expect Bitcoin’s price to surge following Donald Trump’s Nov. 5 election win.
The iShares Bitcoin Trust (IBIT) saw a rare day of outflows before Bitcoin went on to hit a new all-time high.