Bitcoin ETF

Bitcoin

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According to<a href="https://platform.arkhamintelligence.com/explorer/entity/blackrock" target="_blank" rel="nofollow"> ARKHAM report</a>, Bitcoin total value currently stands at $20,183,095.86, with a recent decline of $55.56K, likely reflecting minor day-to-day fluctuations. Notably, Bitcoin constitutes a significant portion of this portfolio, with holdings totaling 300.348 BTC valued at $20.18M, as each Bitcoin is priced at $67,199.00, down $185.00 from its previous value.&nbsp; 
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 Source: <a href="https://platform.arkhamintelligence.com/explorer/entity/blackrock" target="_blank" rel="nofollow">ARKHAM</a>&nbsp;
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Alongside this insight, <a href="https://coinedition.com/blackrock-ceo-shocked-by-explosive-growth-of-bitcoin-etfs-amid-overseeing-10t/?utm_source=telegram_channel&amp;utm_medium=referral">BlackRock’s</a> IBIT Bitcoin ETF experienced a notable surge in inflows on Wednesday, reflecting a positive shift in sentiment within the cryptocurrency market. 
The influx of $113 million marked a turnaround from Monday’s net outflows of $85.7 million, primarily driven by <a href="https://coinedition.com/gbtc-outflows-at-359m-on-march-21-analyst-highlights-possible-reasons/?utm_source=telegram_channel&amp;utm_medium=referral">Grayscale’s</a> GBTC. The slowdown in GBTC outflows, totaling $75.1 million on Wednesday, contributed significantly to this reversal. 
Farside data<a href="https://farside.co.uk/?p=997" target="_blank" rel="nofollow"> reveals </a>a total net inflow of $12.2 billion, with Fidelity’s FBTC leading with $116.7 million, followed by Blackrock’s IBIT with $42 million, and Bitwise’s BTIB recording $23 million in inflows. Other ETFs witnessed relatively modest inflows, each adding less than $4 million. This resurgence in inflows contrasts sharply with the earlier part of the week,…
The post <a href="https://coinedition.com/blackrocks-ibit-bitcoin-etf-sees-surging-inflows-as-gbtc-outflows-ease/">BlackRock’s IBIT Bitcoin ETF Sees Surging Inflows As GBTC Outflows Ease</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

BlackRock’s IBIT Bitcoin ETF Sees Surging Inflows As GBTC Outflows Ease

Coin Edition

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