Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/blackrocks-bitcoin-etf-surpasses-2-billion-in-just-two-weeks" rel="noopener noreferrer nofollow">BlackRock’s Bitcoin ETF Surpasses $2 Billion in Just Two Weeks</a> 
Many investors initially viewed the approval of a spot <a href="https://en.bitcoinhaber.net/expert-strategist-captain-faibik-warns-about-the-future-of-cryptocurrencies" rel="noopener noreferrer nofollow">Bitcoin</a> ETF as a short-term positive fluctuation. However, the recent developments suggest a need for a long-term perspective on ETFs, especially following BlackRock’s significant milestone.
After launching on Nasdaq, BlackRock’s spot Bitcoin ETF quickly reached $2 billion in assets under management (AUM). The recent surge in Bitcoin’s price has pushed the fund’s reserve value over $2.1 billion, indicating the total market value of financial assets held on behalf of the fund’s clients.
The iShares Bitcoin Trust has seen a substantial inflow of $1.8 billion in the past 10 days, positioning it just ahead of Fidelity’s Wise Origin Bitcoin Fund. While the Grayscale Bitcoin Trust (GBTC) remains strong in volume, its status as an alternative Bitcoin trust necessitates separate consideration.
BlackRock, the world’s largest asset manager, was well-positioned to attract a broader audience to its crypto-based product with its ETF approval. The firm’s reputation allows financial advisors to confidently recommend Bitcoin investments to their affluent clients.
The long-term impact of spot Bitcoin ETFs on the market is yet to be fully understood, but the potential for significant price movements is there if even a small portion of the trillion-dollar ecosystem invests in Bitcoin ETFs. Projections suggest that Bitcoin ETFs could collect $10 billion in capital within the first year, potentially leading to price increases, especially when supported by the halving narrative.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/blackrocks-bitcoin-etf-surpasses-2-billion-in-just-two-weeks" rel="noopener noreferrer nofollow">BlackRock’s Bitcoin ETF Surpasses $2 Billion in Just Two Weeks</a></h5>

BlackRock’s Bitcoin ETF Surpasses $2 Billion in Just Two Weeks

BH NEWS

Other articles published on Jan 27, 2024

Insights into Dogecoin’s Market Position and Potential Growth

XRP Whale Predicts Massive Pump Soon as Price Chart Paint Evidence

Peter Schiff Claims Bitcoin Will Hit $10 Million, But There’s A Catch!

Bitcoin Price Prediction: Top Analyst Says BTC To ”Go Ballistic” After Hitting $49K As This Bitco...

XRP Ledger Crosses 5 Million Distinct Wallets, XRP Price Rally Imminent?

Ethereum Staking Provider Dumps Geth For Besu As Client Decentralization Race Heats Up

Join our free newsletter for daily crypto updates!