Reserve Dollar

Bitcoin ETF

BlackRock

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoins-price-surge-backed-by-etf-activity-and-record-blackrock-reserves" rel="noopener noreferrer nofollow">Bitcoin’s Price Surge Backed by ETF Activity and Record BlackRock Reserves</a><br></p>
<p style="text-align: justify">Recent trends have shown a substantial increase in <a href="https://en.bitcoinhaber.net/bitcoin-breaks-through-50000-as-etf-influx-signals-investor-confidence" rel="noopener noreferrer nofollow">Bitcoin</a>‘s value, which analysts attribute to investment activity within Exchange-Traded Funds (ETFs). Bitcoin’s price ascent to $64,000 is seen as a reflection of ongoing high demand, with weekend market performance closely tied to volume indicators. A positive weekly closure for ETFs today is crucial for anticipated swift surges in altcoin values.</p>
<h2 id="etf-growth-and-blackrock-s-record-assets">ETF Growth and BlackRock’s Record Assets</h2>
<p style="text-align: justify">Exchange-Traded Fund issuers are seeing a continual rise in reserves, with BlackRock, a prominent firm, amassing assets exceeding $10 billion due to net inflows since its ETF’s inception in January. This accumulation is noteworthy as it represents just one of nine traded ETFs and has occurred within a mere 39 days. The swift gathering of $10 billion by a single ETF is a rare event and underscores the strong market interest in Bitcoin.</p>
<p style="text-align: justify">Reserve data from inauguration to the beginning of March shows an aggressive addition of over 9,000 Bitcoin to BlackRock’s reserves over three days. Total reserves, excluding GBTC, have surpassed 340,000 <a href="https://en.bitcoinhaber.net/bitcoin-price-surpasses-40000-level-indicating-positive-signals-for-investors" rel="noopener noreferrer nofollow">BTC</a>. The inflow to date stands at 156,435 BTC, and despite GBTC’s sales, the cumulative reserve size of all Bitcoin ETFs nears $9.69 billion at current exchange rates, with a substantial portion added just this week.</p>
<h2 id="record-etf-investment-volumes">Record ETF Investment Volumes</h2>
<p style="text-align: justify">Investments in the Spot Bitcoin ETF are outpacing the assets of Michael Saylor’s MicroStrategy in just 39 days. With daily demand dwarfing miner issuance by up to 50 times, a genuine supply shortage is looming. The upcoming halving event is expected to intensify this narrative. Current volume data, although less than BlackRock’s record of over $7 billion, indicates a potential for a shift in investor behavior with possible profit-taking, hinging on Bitcoin’s ability to hold above $58,000.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoins-price-surge-backed-by-etf-activity-and-record-blackrock-reserves" rel="noopener noreferrer nofollow">Bitcoin’s Price Surge Backed by ETF Activity and Record BlackRock Reserves</a></h5>

Bitcoin’s Price Surge Backed by ETF Activity and Record BlackRock Reserves

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