BlackRock Bitcoin ETF Defies Market Dip, Secures $358M in Net Inflows

Quick Summary:

Despite the wild swings in the cryptocurrency market, the BlackRock Bitcoin ETF (IBIT) managed to attract $358 million in new investors on Monday.

Even though the price of Bitcoin dropped below $94,000 yesterday, IBIT’s dominating inflows persisted.

After first being skeptical of the cryptocurrency sector, the Republican changed his mind after the sector spent heavily on electoral campaigns to further its interests.

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Article Details

Author / Journalist: Nayazunissa

Category: Crypto

Markets: United Arab Emirates

Topics: Bitcoin News BTC Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-10 @ 11:35:00 (2 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 277 words

Reading Time: 2 minutes read

Sentences: 22 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 24330053

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 10 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 16 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

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