Bitcoin

Spot Bitcoin ETFs witnessed the third-largest net inflow of $493.3 million, reflecting significant demand in the market. This surge in investment comes as the price of Bitcoin breaks above the $50,000 mark.Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Cryptos-Headlines-Token-Airdrop-Is-Live-Claim-Your-Reward-Now-1.png?fit&#61;900%2C200&amp;ssl&#61;1" />Spot Bitcoin ETFs, including BlackRock (IBIT), Fidelity (FBTC), and Ark 1Shares Bitcoin ETF, saw a significant net inflow of $493.3 million. Meanwhile, outflows continued from GBTC and <a href="https://cryptosheadlines.com/galaxy-digital-and-invesco-bitcoin-spot-etf-join-blackrock-on-dtcc/" rel="noopener noreferrer nofollow">Invesco Galaxy Bitcoin ETFs</a>. The <a href="https://cryptosheadlines.com/bitcoin-price-reaches-crucial-point-factors-that-could-spark-significant-surge/" rel="noopener noreferrer nofollow">surge in demand suggests that Bitcoin’s price could potentially reach</a> $55,000.<h3 id="massive-inflows-propel-spot-bitcoin-etfs-as-btc-surpasses-50-000">Massive Inflows Propel Spot Bitcoin ETFs as BTC Surpasses $50,000</h3>Spot Bitcoin ETFs witnessed another significant influx of $493.3 million on Monday, marking the third-largest net inflow to date, as the price of BTC broke above $50,000. Experts predict that the BTC price rally will persist due to increased demand from Bitcoin ETFs and derivatives traders.According to the latest data on Bitcoin ETF flows, the newly launched nine spot Bitcoin ETFs and Grayscale’s GBTC began the week with robust performance, accumulating a net inflow of $493.3 million on February 12.BlackRock’s IBIT saw a record inflow of $374.7 million, bringing its total inflow to over $4.126 billion, with asset holdings now valued at $4.76 billion. Fidelity’s FBTC and <a href="https://cryptosheadlines.com/bloomberg-analyst-sec-might-move-up-ark-bitcoin-etf-deadline/" rel="noopener noreferrer nofollow">Ark 21Shares’ ARKB Bitcoin ETFs</a> also experienced significant inflows of $151.9 million and $40 million, respectively. Other ETFs such as Bitwise’s BITB and VanEck’s HODL also saw substantial inflows. However, the Invesco Galaxy <a href="https://cryptosheadlines.com/us-sec-considers-spot-bitcoin-etf-filings-inadequate-report/" rel="noopener noreferrer nofollow">Bitcoin ETF</a> (BTCO) witnessed another outflow of $20.8 million.Meanwhile, GBTC saw an outflow of $95 million, slightly higher than Friday’s $51.8 million outflow, but consistent with the previous week’s range.Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" />Excluding GBTC, the net inflow for spot Bitcoin ETFs totaled $589 million. <a href="https://cryptosheadlines.com/jpmorgan-blackrock-fidelity-bitcoin-etfs-outperform-grayscale-on-liquidity/" rel="noopener noreferrer nofollow">BlackRock and Fidelity’s Wise Origin Bitcoin ETFs</a> have accumulated total inflows of $4.12 billion and $3.15 billion, respectively. These ETFs are reportedly purchasing 10,000 Bitcoin per day in addition to standard equilibrium, contributing to the appreciation in Bitcoin’s price.<a href="https://cryptosheadlines.com/solana-based-meme-coin-honk-and-bonk-see-surge-in-honk-price/" rel="noopener noreferrer nofollow">Also Read: Solana-Based Meme Coin Honk and Bonk See Surge in HONK Price</a><h3 id="bitcoin-surpasses-50-000-amidst-strong-etf-demand-and-market-sentiment">Bitcoin Surpasses $50,000 Amidst Strong ETF Demand and Market Sentiment</h3>BTC price surged beyond $50,000, with strong indications of surpassing $55,000, driven by significant inflows into Bitcoin ETFs. The Crypto Fear &amp; Greed Index reached “extreme greed” with a value of 79, the highest level since November 2021.On Friday, Bitcoin ETFs witnessed a substantial net inflow of $542 million, as investors eagerly joined the move towards all-time highs. The increasing demand from <a href="https://cryptosheadlines.com/franklin-templeton-sets-record-low-fee-for-bitcoin-etf/" rel="noopener noreferrer nofollow">Bitcoin ETFs and derivatives traders contrasts with the low</a> supply from miners, leading to a notable shift in supply dynamics. Institutional investors are increasingly bullish on Bitcoin as a result.<a href="https://cryptosheadlines.com/bitcoin-price-outlook-bullish-sentiments-post-2024-halving-is-it-a-buy-signal/" rel="noopener noreferrer nofollow">Bitcoin derivatives traders are displaying bullish sentiment</a>, with call bets reaching as high as $70,000 by month-end. <a href="https://cryptosheadlines.com/crypto-expert-predicts-sol-at-90-to-the-moon-for-solana/" rel="noopener noreferrer nofollow">Experts predict</a> that new buyers may struggle to purchase BTC below the $50,000 mark if demand remains elevated in pre-Bitcoin halving trades.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Big Bitcoin ETF Investments Boosting BTC Price Toward $55K

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