Bitcoin ETF

Bitcoin

Optimism

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-etfs-experience-record-inflows-and-market-optimism/" data-wpel-link="internal">Bitcoin ETFs Experience Record Inflows and Market Optimism</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/bitcoin-fiyati-icin-yukselis-trendi-bitti-mi" data-wpel-link="internal">Bitcoin</a> ETFs</strong> have had a positive week, surpassing all-time high levels of net inflows after breaking numerous records. Following the significant rise in <a href="https://en.coin-turk.com/will-history-repeat-itself-in-btc/" data-wpel-link="internal">Bitcoin</a>, Blackrock’s Bitcoin ETF (IBIT) reaped the most benefits from the strong trading activity. The expectation for IBIT’s assets to reach $10 billion has now become closer than anticipated.</p> 
<h2 id="bloomberg-analyst-comments-on-etfs">Bloomberg Analyst Comments on ETFs</h2> 
<p style="text-align: justify">According to Bloomberg analyst Eric Balchunas, <strong>Blackrock’s</strong> Bitcoin ETF is likely to reach the $10 billion asset level tomorrow. This milestone is happening sooner than expected, as previous forecasts were set for the end of the calendar year’s quarter. Currently, Bitcoin ETFs have broken the record for the largest inflow since their inception last month, with $673 million.</p> 
<p style="text-align: justify">BlackRock iShares Bitcoin ETF (IBIT) has broken the record for the highest inflow to date, with $612 million. <strong>IBIT</strong> surpassed the daily trading volume of the majority of large US stocks, with $3.2 billion, breaking its previous record of $1.3 billion. Following the recent surge, <strong>Blackrock’s</strong> net inflow has exceeded $7.15 billion, with the company’s assets nearly increasing by $9 billion.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-321386 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/etf.jpg" alt="" width="1638" height="530"></p> 
<h2 id="etf-success-for-blackrock">ETF Success for BlackRock</h2> 
<p style="text-align: justify">After yesterday’s trading, Blackrock climbed to the fourth position in the ETF markets overall, having previously been in seventh place for its Bitcoin ETF. The increased trading activity of Bitcoin ETFs indicates a more positive investor sentiment. This adoption also helped bridge the initial gap that distinguished cryptocurrencies from traditionally regulated markets.</p> 
<p style="text-align: justify">On the other hand, the <a href="https://en.coin-turk.com/bitcoin-and-altcoins-face-downturn-amidst-market-turbulence/" data-wpel-link="internal">Crypto</a> Fear and Greed Index has risen to its highest close in four years. The current levels are at 80, indicating that the market is experiencing “Extreme Greed.” Advocates of cryptocurrency and ETF experts agree that <a href="https://en.coin-turk.com/bitcoin-consolidation-gives-an-important-signal-traders-lose-over-178-million/" data-wpel-link="internal">BTC</a> ETFs are performing better than fundamental market indicators.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-etfs-experience-record-inflows-and-market-optimism/" data-wpel-link="internal">Bitcoin ETFs Experience Record Inflows and Market Optimism</a></h5>

Bitcoin ETFs Experience Record Inflows and Market Optimism

Table of Contents

COINTURK NEWS

Other articles published on Feb 29, 2024

New Memecoin Positioned to Surpass Dogecoin (DOGE) and Bonk (BONK)

The U.S. government quietly transfers $921 million worth of Bitcoin!

Bitcoin Rally as US PCE Cools to 2.4%, Fed Rate Cuts in June

Murder by (smart) contract: Ari Juels publishes crypto thriller

PORTAL to Debut on Binance: Possible Price and Tokenomics

Tutti i migliori casino crypto in Italia – Lista aggiornata al 2024

Join our free newsletter for daily crypto updates!