Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

BlackRock

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/blackrock-ishares-bitcoin-trust-sets-new-investment-standards/" data-wpel-link="internal">BlackRock iShares Bitcoin Trust Sets New Investment Standards</a><br></p>
<p class="p1" style="text-align: justify">BlackRock iShares <a href="https://en.coin-turk.com/crucial-report-from-glassnode-these-metrics-raise-alarms-in-bitcoin-btc/" data-wpel-link="internal">Bitcoin</a> Trust <strong>(IBIT)</strong> has redefined crypto investment standards with a record-breaking daily inflow of $788 million on March 5th. This milestone overshadowed the previous record of $612.1 million set on February 28th. These impressive figures underscore the growing confidence among institutions and individual investors as Bitcoin climbs to new heights.</p> 
<h2 class="p1" style="text-align: justify" id="what-s-happening-in-the-etf-space">What’s Happening in the ETF Space?</h2> 
<p class="p1" style="text-align: justify">On March 5th, <strong>Bitcoin</strong> reached an all-time high of $69,200 amidst a noticeable increase in spot Bitcoin ETF investments in the United States. According to Farside Investors, the total inflow reached $648.3 million on the day Bitcoin hit its ATH, clearly indicating increased interest from individuals and institutions in Bitcoin.</p> 
<p class="p1" style="text-align: justify">During this active period, the performance of U.S. spot Bitcoin ETF funds varied. While Grayscale Bitcoin Trust (GBTC) and Invesco Galaxy Bitcoin ETF experienced net outflows, <strong>IBIT</strong> led with net inflows. Contributions from Fidelity Wise Origin Bitcoin Fund (FBTC), Bitwise Bitcoin ETF (BITB), and others also supported this momentum, leading to a total net inflow of $8.5 billion in the ecosystem.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-323940 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/farside.png" alt="" width="1167" height="1244"></p> 
<h2 class="p1" style="text-align: justify" id="price-volatility-in-the-crypto-market">Price Volatility in the Crypto Market</h2> 
<p class="p1" style="text-align: justify"><strong>GBTC</strong> fund continued to see outflows; however, IBIT and FBTC did not record a single day of outflows, standing out with a total inflow of $14.46 billion. Alongside these developments, the market faced significant volatility. After surpassing $69,000, Bitcoin’s value experienced a sharp decline, falling by approximately 15% to around $59,000.</p> 
<p class="p1" style="text-align: justify">This sudden correction triggered a significant shake-up, resulting in $1.13 billion in investor liquidations due to price volatility. Such events highlight the unpredictable nature of the crypto market, affecting many crypto assets. Analysts at <strong>Farside Investors</strong> commented on the situation:</p> 
<blockquote> 
 <p class="p1" style="text-align: justify">“This should dispel the notion that Bitcoin will always rise if ETF buyers purchase $500 million per day. When a correction occurs, selling pressure can quickly exceed buying demand, but the price recovered swiftly, indicating that most of the selling pressure was due to forced sales from liquidations.”</p> 
</blockquote> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/blackrock-ishares-bitcoin-trust-sets-new-investment-standards/" data-wpel-link="internal">BlackRock iShares Bitcoin Trust Sets New Investment Standards</a></h5>

BlackRock iShares Bitcoin Trust Sets New Investment Standards

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