Bitcoin ETFs seeing more inflows amid substantial price rally
Unsurprisingly, BlackRock's iShares Bitcoin Trust accounts for the biggest share of fresh inflows, with $287 million. The Fidelity Wise Origin Bitcoin Fund comes in a very distant second place. It is worth mentioning that there is not a single product in the red, which indicates strong institutional demand.
Over the past five weeks, Bitcoin ETFs have now recorded close to $6.6 billion worth of inflows. According to analytics firm Santiment, this is historically a bullish sign for Bitcoin's price action. XRP ETF Delayed by SEC. When Will It Be Approved? Blackstone, the leading alternative asset manager in the world, recently disclosed its very first IBIT investment earlier this week in a regulatory filing. On Tuesday, Vetle Lunde of K33 Research noted that the amount of Bitcoin managed by global exchange-traded products has now reached
After solid flows yesterday, the bitcoin under management by global ETPs is back where it belongs, at all-time highs.Notably, Ethereum ETFs are also in the green, with a total of $65 million in inflows being recorded on Tuesday. This comes after the flagship altcoin stole the spotlight with a stunning rally earlier this month.
Meanwhile, the Bitcoin price is steadily approaching a new record peak, currently trading at $107,780. The cryptocurrency is a hair's breadth away from surpassing the January lifetime peak of $108,786 amid strong institutional demand. Beer 2.0: The Meme Coin That’s Brewing Something Bigger on SolanaBeer 2.0: The Meme Coin That’s Brewing Something Bigger on Solana
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