Bitcoin

On Monday, Bitcoin ETFs saw a big boost with a net inflow of $520 million. This influx of money helped push the price of Bitcoin past $57,000, as trading volumes soared. Investors were keen on getting into the action, contributing to the cryptocurrency’s rally.<h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" />Bitcoin ETFs kicked off the week with a bang, attracting a hefty $520 million on Monday. This big influx of money was fueled by <a href="https://cryptosheadlines.com/three-altcoins-in-november-that-may-leave-investors-feeling-remorseful/" rel="noopener noreferrer nofollow">investors feeling</a> very optimistic about Bitcoin, which helped drive its price up past $57,000. People are really bullish on Bitcoin, meaning they expect its price to keep rising. Some believe that a shortage of available Bitcoin before the next halving event will cause its price to quickly surpass $55,000.<h3 id="record-inflows-propel-bitcoin-etfs-beyond-57-000">Record Inflows Propel Bitcoin ETFs Beyond $57,000</h3>On February 26, according to data from Farside, spot Bitcoin exchange-traded funds (ETFs) saw a remarkable net inflow of $520 million. This surge in inflow was widespread, with almost all nine <a href="https://cryptosheadlines.com/blackrock-selects-coinbase-custody-for-spot-bitcoin-etf-sec-lawsuit-conclusion-imminent/" rel="noopener noreferrer nofollow">spot Bitcoin ETFs</a> experiencing significant increases. Notably, <a href="https://cryptosheadlines.com/grayscale-expands-altcoin-funds-amid-bitcoin-etf-outflows/" rel="noopener noreferrer nofollow">Grayscale’s GBTC observed a decrease in Bitcoin outflow</a>, signaling strong bullish sentiment among both retail and institutional investors.One standout performer was BlackRock (IBIT), which recorded a record inflow of $111.8 million, pushing its net inflow to an impressive $6 billion. The total asset holdings of <a href="https://cryptosheadlines.com/us-house-chair-backs-blackrock-bitcoin-etf-plans-sec-oversight-hearings/" rel="noopener noreferrer nofollow">BlackRock’s Bitcoin ETF</a> now approach nearly $7 billion. However, the spotlight of the day was on the Fidelity Bitcoin ETF.Fidelity (FBTC) and Ark 21Shares (ARKB) <a href="https://cryptosheadlines.com/blackrock-and-ark-cut-bitcoin-etf-fees-in-investor-attraction-battle/" rel="noopener noreferrer nofollow">Bitcoin ETFs attracted</a> $243.3 million and $130.6 million, respectively. Additionally, Bitwise (BITB), VanEck (HODL), and other ETFs also experienced substantial inflows amidst the prevailing bullish sentiment.<a href="https://cryptosheadlines.com/altlayer-raises-14-4m-led-by-polychain-and-hack-vc/" rel="noopener noreferrer nofollow">Also Read: AltLayer Raises $14.4M Led by Polychain and Hack VC</a>Meanwhile, GBTC saw an outflow of $22.4 million, an increase from the previous day’s $51.8 million outflow, yet still within the range observed last week. Bloomberg ETF analyst James Seyffart highlighted that this represents a record low outflow for the fund. The record-breaking volume of $3.84 billion, coupled with the significant net inflows, propelled Bitcoin’s price beyond $57,000 in less than 30 minutes.<h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines002-34.png?resize&#61;640%2C348&amp;ssl&#61;1" />Source: Farside<h3 id="bitcoin-fomo-reaches-new-heights-amidst-extreme-greed">Bitcoin FOMO Reaches New Heights Amidst Extreme Greed</h3>The Crypto Fear and Greed Index surged to 79 (Extreme Greed) on Monday, up from 72 the day before, <a href="https://cryptosheadlines.com/matrixport-predicts-bitcoin-will-reach-45k-in-2023-due-to-fomo-signals/" rel="noopener noreferrer nofollow">signaling a peak in FOMO</a> (Fear of Missing Out) as traders’ interest in Bitcoin (BTC) reaches unprecedented levels. Experts are anticipating BTC to soar to $60,000 before the upcoming Bitcoin halving, adding to the fervor in the market.This latest rally was ignited by <a href="https://cryptosheadlines.com/microstrategy-acquires-615m-bitcoin-50k-btc-soon/" rel="noopener noreferrer nofollow">MicroStrategy’s announcement of acquiring approximately 3,000 additional BTC</a> tokens this month. With this latest purchase, the <a href="https://cryptosheadlines.com/top-companies-benefiting-from-bitcoin-holdings/" rel="noopener noreferrer nofollow">company’s Bitcoin holdings</a> have now skyrocketed to 193,000, further bolstering confidence in Bitcoin’s long-term value.Bitcoin’s price surged to a market value as high as $57,250, inching within 19.9% of its all-time high of $68,600 established 27 months ago. Currently, BTC is trading at $56,325, reflecting a remarkable 10% increase in the last 24 hours alone. The cryptocurrency experienced a 24-hour low of $50,931 and a high of $56,728. Moreover, trading volume has surged by an impressive 230% in the last 24 hours, indicating a surge in trading activity and heightened interest among investors.<a href="https://cryptosheadlines.com/matic-mixed-signals-on-reaching-2023-high/" rel="noopener noreferrer nofollow">Also Read: MATIC: Mixed Signals on Reaching 2023 High</a>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.

Bitcoin ETFs Attracted $520 Million Inflows Amid BTC Price Surge Toward $60000

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