Crypto Blog
Just one day after the spot Bitcoin ETFs achieved a notable milestone with a net inflow of $1.05 billion, BlackRock’s IBIT saw inflows exceeding the total outflows of Grayscale’s GBTC for the first time.
According to data compiled by SoSo Value, as of March 13th, IBIT’s cumulative inflow amounted to $12.03 billion, whereas GBTC’s cumulative outflows stood at $11.4 billion.BlackRock’s spot Bitcoin ETF – iShares Bitcoin Trust – has been one of the most popular investment vehicles since its approval two months ago enabling investors exposure to BTC’s price moves. It recorded net inflows of $586 million or 8,017 BTC on March 13th, pushing its total historical net inflow to above $12 billion.
Meanwhile, Fidelity’s FBTC attracted $281.5 million in inflows, followed by ARK 21Shares’s ARKB with 44.6 inflows and Franklin Templeton’s EZBC with $19.1 million. VanEck’s HODL, on the other hand, raked in $16.5 million in inflows. The asset manager had recentlyBitwise’s BITB, Valkyrie ‘BRRR’, and WisdomTree’s BTCW settled for $5.6 million, $4.1 million, and $2.3 million respectively during the same period. There has been a total inflow of $11.
Financial advisors are bullish but not surprised by the size of inflows of these funds that were reluctantly approved by the SEC this year. Bitwise CIO Matt Hougan, for one,According to JMP Securities, these funds might experience inflows of over $220 billion by 2027, potentially resulting in a fourfold increase in Bitcoin’s price to $288,000, given the multiplier effect on the new capital.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Bitcoin ETFs See Record $2.4B Weekly Inflows; BlackRock's IBIT Leads: CoinSharesKrisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
Les mer »
UConn Huskies vs Providence Friars - March 10, 2024Carter's 24 points, 15 rebounds not enough as 2 Connecticut beats Providence
Les mer »
DePaul Blue Demons vs Villanova WildcatsVillanova beats DePaul, led by Dixon's 21 points, 9 boards
Les mer »
Terrence Shannon Jr. scores 25 as No. 12 Illinois beats Iowa 73-61Terrence Shannon Jr. scores 25 as No. 12 Illinois beats Iowa 73-61
Les mer »
US job growth beats expectations in FebruaryNonfarm payrolls increased by 275,000 for the month while the jobless rate moved higher to 3.9%. Wages rose just 0.1% on the month, one-tenth of a percentage point below the estimate, and were up 4.3% from a year ago. Health care led with 67,000 new jobs. Government again was a big contributor, with 52,000, while restaurants and bars added 42,000. Job creation topped expectations in February, but the unemployment rate moved higher and employment growth from the previous two months wasn't nearly as hot as initially reported.
Les mer »
Brown beats Yale 84-81 in OT on last-second 3-pointerAaron Cooley’s 3-pointer in the final second lifted Brown to an 84-81 overtime victory over Yale on Saturday in a regular-season finale. Kino Lilly Jr. led Brown with 26 points. The Bears improved to 12-17 with the win and the Bulldogs fell to 20-9.
Les mer »