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BlackRock Bitcoin ETF Sees Largest Inflow At $1 Billion Soon After Fed Rate Cut

CoinGape LogoCoinGape10h ago

BlackRock Bitcoin ETF Sees Largest Inflow At $1 Billion Soon After Fed Rate Cut - CoinGape

Quick Summary:

The BlackRock Bitcoin ETF (IBIT) has been smashing new records every single day while seeing its largest daily inflows at over $1 billion on Thursday.

As a result, the total inflows for IBIT have now surged past $27 billion since its inception in January, making it one of the best ETF launches in 2024.

Bitcoin – Original squiggle from March had us hitting $80,000 this year after a long period of chop.

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BlackRock Bitcoin ETF Sees Largest Inflow At $1 Billion Soon After Fed Rate Cut - CoinGape (Picture 1)BlackRock Bitcoin ETF Sees Largest Inflow At $1 Billion Soon After Fed Rate Cut - CoinGape (Picture 2)BlackRock Bitcoin ETF Sees Largest Inflow At $1 Billion Soon After Fed Rate Cut - CoinGape (Picture 3)BlackRock Bitcoin ETF Sees Largest Inflow At $1 Billion Soon After Fed Rate Cut - CoinGape (Picture 4)

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 04:57:01 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 524 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 14 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 23467448

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About CoinGape

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Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 26 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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The story "BlackRock Bitcoin ETF Sees Largest Inflow At $1 Billion Soon After Fed Rate Cut" was covered 10 hours ago by CoinGape, a news publisher based in India.

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  • URL: https://beamstart.com/news/blackrock-bitcoin-etf-sees-largest-17310421293199

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