Bitcoin

<h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim your 5,000 CHT tokens for free $50 On Official Website &gt; <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><h2 id="header-1"></h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d2e6752fd1b141adbeefd05c2ae75966.png" /><p></p><p><em>As the spot Bitcoin ETF market deepens adoption, more institutional investments have gone into BlackRock&#39;s IBIT sending its AUM to $10 billion</em></p><h2 id="header-2">STORY HIGHLIGHTS</h2><ul><li><strong>Spot Bitcoin ETF products recorded massive inflows through BlackRock</strong></li><li><strong>BlackRock&#39;s IBIT has surged to a $10B AUM</strong></li><li><strong>Bitcoin&#39;s price is in correction mode as profit taking moves loom</strong></li></ul><p>As of the close of trading on February 29, the spot Bitcoin ETF market was saved by the massive inflows registered by iShares Bitcoin Trust (IBIT), the offering linked to the leading investment asset management firm BlackRock.</p><h2 id="header-3"><strong>BlackRock’s Inflows Counterbalance Grayscale’s Outflows</strong></h2><h2 id="header-4">Cryptos Headlines Token Airdrop Is Live, Claim your 5,000 CHT tokens for free $50 On Official Website &gt; <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p>Grayscale had a whopping $598.9 million in outflows on Thursday, a move that if not cushioned, would have crashed the spot Bitcoin ETF market significantly. This counterbalancing was provided by BlackRock’s IBIT which recorded a total of $604 million in inflows, sufficiently negating the impact of the huge fall from GBTC. Consequently, the total net inflows for all the ten spot Bitcoin ETFs were quite weak.</p><p>Collectively, the net inflows was brought to approximately $92 million. Notably, Grayscale’s GBTC outflows from Thursday happen to be the second largest that the firm has seen since the United States Securities and Exchange Commission (SEC) approved its Bitcoin ETF as well as those from other issuers.</p><p>The outflow is suspected to be linked with Genesis’s decision to sell off its $1.3 billion worth of GBTC after receiving clearance from the court. Despite what the sentiment might be, BlackRock’s inflow confirms that there is still a growing interest from institutional investors who want to gain exposure to Bitcoin.</p><h2 id="header-5"><strong>BlackRock’s Spot Bitcoin ETF Hitting Multiple Milestones</strong></h2><h2 id="header-6">Cryptos Headlines Token Airdrop Is Live, Claim your 5,000 CHT tokens for free $50 On Official Website &gt; <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p>Many market observers had expected the $10 billion threshold for a very long time, especially after considering the volumes of inflows that BlackRock registers on a daily basis. Earlier this week – February 27 – the spot Bitcoin ETF recorded a massive $520M inflow from a net inflow of $577 million and at the time, this came of as the largest inflow.</p><p>By February 28, IBIT took it a notch further with an inflow of $612 million. Till date, this remains the largest inflow for the BlackRock spot Bitcoin ETF. With the asset manager hitting milestones, it is obvious that BlackRock is performing better than was predicted.</p><p>Generally, it is believed that the growth of the spot Bitcoin ETF is responsible for the recent price rally of the flagship cryptocurrency Bitcoin. The price of the coin has surpassed $60,000 as it is conveniently sitting at $61,790.37 even with a 1.98% decrease within the last 24 hours. The rise may be a driver for investors who intend to take in some profits, capitalizing on the momentum of the asset thus far.</p><h2 id="header-7">Cryptos Headlines Token Airdrop Is Live, Claim your 5,000 CHT tokens for free $50 On Official Website &gt; <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p>#Bitcoin  #Altcoin  #Cryptocurrency  #Blackrock #Bitcoinetf</p>

Spot Bitcoin ETF: BlackRock’s IBIT Surpasses $10B in AUM

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