2024

Bitcoin ETF

<h4><strong>This influx highlights rising investor confidence in Bitcoin, signaling its potential mainstream acceptance as a valid investment.</strong></h4> 
<p><a href="https://www.altcoinbuzz.io/?s=blackrock" target="_blank" rel="noopener">Blackrock</a>, the top asset manager, led with a record $788.3 million daily inflow into its Bitcoin ETF.</p> 
<h5><strong>Blackrock Dominates with Record Bitcoin ETF Inflows</strong></h5> 
<p>This record inflow highlights Blackrock’s leading role in the cryptocurrency investment market. The significant investment in Blackrock’s Bitcoin ETF underscores its trusted status and key role in the financial industry’s digital shift.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Bitcoin ETF Flow – 5 March 2024</p> 
 <p>All data in. $648m total net inflow for the day. Largest inflows since day 1. Blackrock with a record +$788.3 million day. <a href="https://t.co/zOJ5Y5XsEx">pic.twitter.com/zOJ5Y5XsEx</a></p> 
 <p>— BitMEX Research (@BitMEXResearch) <a href="https://twitter.com/BitMEXResearch/status/1765267365686567065?ref_src=twsrc%5Etfw">March 6, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Investors are turning to Bitcoin ETFs for simpler, regulated Bitcoin exposure, despite digital assets’ volatility. This shift is reflective of a maturing market that is beginning to align more closely with traditional financial products and investment strategies.</p> 
<p>Once viewed skeptically, <a href="https://www.altcoinbuzz.io/?s=bitcoin" target="_blank" rel="noopener">Bitcoin</a> is now valued for portfolio diversification, inflation hedging, and digital gold. Institutional investors’ growing interest, enhancing market liquidity and stability, supports Bitcoin’s shifting perception.</p> 
<h5><strong>More About Bitcoin ETFs</strong></h5> 
<p>According to <a href="https://sosovalue.xyz/assets/etf" target="_blank" rel="noopener">SoSoValue</a>, Bitcoin spot ETFs witnessed a significant total net inflow of $648 million. Notably, the Grayscale ETF GBTC saw a net outflow of $332 million on the same day.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">According to SoSoValue data, on March 5th, the total net inflow to Bitcoin spot ETFs was $648 million. Grayscale ETF GBTC experienced a net outflow of $332 million yesterday, while the Bitcoin spot ETF with the highest net inflow was BlackRock ETF IBIT, with a daily net inflow of… <a href="https://t.co/vR5QKtJY5e">pic.twitter.com/vR5QKtJY5e</a></p> 
 <p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1765307568690483230?ref_src=twsrc%5Etfw">March 6, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>This marked a new record for IBIT’s daily net inflow, pushing its total historical net inflow to an impressive $9.167 billion. This surge underscores the shifting investor preference towards regulated cryptocurrency investment vehicles like IBIT, highlighting its dominant position in the market.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/record-breaking-bitcoin-etf-inflows-on-march-5th-2024/">Record-Breaking Bitcoin ETF Inflows on March 5th, 2024</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Record-Breaking Bitcoin ETF Inflows on March 5th, 2024

Altcoin Buzz

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