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

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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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaUnited States

Topics: Bitcoin News IBIT Bitcoin ETF inflows Blackrock Bitcoin ETF Fed rate cut 24/7 Cryptocurrency News Bitcoin (BTC) Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 04:57:01 (2 weeks 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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