BlackRock’s Bitcoin ETF, IBIT, has shattered another record for daily inflows, absorbing $788.3 million from investors Tuesday alone. All that money goes straight into buying more Bitcoin (BTC), which the company holds with Coinbase and uses to directly back its shares. Less than two months after launch, BlackRock has now absorbed over $9.1 billion in…
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BlackRock’s Bitcoin ETF, IBIT, achieved a remarkable milestone on March 5. Attracting a staggering $788 million, it exceeded its previous record of $612 million in inflows in a single day. This surge in investment coincided with Bitcoin reaching a new all-time high (ATH) of $69,300, surpassing its previous ATH set in 2021. Bitcoin ETF Trading…
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The Fidelity Bitcoin ETF, Wise Origin Bitcoin Fund (FBTC), recorded its largest number of daily inflows on Monday, absorbing $404.6 million in funds used to buy more Bitcoin (BTC). By comparison, the fund’s second-strongest day so far was on January 17, its fourth active day of trading, when it received $358 million of inflows. Most days…
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The demand for spot Bitcoin exchange-traded funds (ETFs) has surged since their recent approval on January 10, with BlackRock’s IBIT Bitcoin ETF leading the way. This ETF has reached impressive milestones in less than two months, attracting significant investor interest and opening doors for various market participants to invest in the largest cryptocurrency directly. As…
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BlackRock is set to broaden Brazil’s cryptocurrency market with the introduction of the country’s first spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust BDR (IBIT39). Scheduled for launch on March 1 on Brazil’s main stock exchange B3, the iShares Bitcoin Trust Brazilian Depositary Receipts (BDR) will be accessible to qualified investors, with plans to…
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Traditional banking giants Bank of America and Wells Fargo are offering eligible wealth management clients access to spot Bitcoin exchange-traded funds (ETFs). The ETFs have been available to clients for several weeks, a source familiar with Bank of America’s plans told Reuters. The move follows the Securities and Exchange Commission’s (SEC) approval of these investment vehicles…
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Top Crypto Gainers Today on DEXTools As blue-chip cryptocurrencies like Bitcoin (BTC) and Ether (ETH) consolidate close to recent highs as investors digest surging spot Bitcoin ETF demand, highly risk-tolerant traders, often referred to as “degens”, continue to pile into the on-chain shitcoin markets in the hunt for top crypto gainers today. Trading volumes in…
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The Lima Stock Exchange, the main Peruvian exchange, announced the inclusion of three different bitcoin spot ETF instruments in its trading platform. Ishares Bitcoin Trust (IBIT), Vaneck Bitcoin Trust (HODL), and Invesco Galaxy Bitcoin (BTCO) will be the instruments made available for Peruvians, which come to diversify the investment options for traditional investors in the…
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Bitcoin spot ETFs sprang back into action on Monday as Bitcoin’s (BTC) price skyrocketed to $57,000 for the first time since November 2021. Data compiled by BitMEX Research shows that Bitcoin ETFs experienced $520 million of daily net inflows – one of their top five best-performing days since launching on January 11. In total, the…
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The United States Securities and Exchange Commission (SEC) has opened the floor for public comments regarding a proposed rule change that would allow the listing and trading of options for Bitcoin (BTC) exchange-traded funds (ETFs). In a notice published on February 23, the New York Stock Exchange (NYSE) requested a rule modification that would permit options…
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