Larry

Bitcoin ETF

BlackRock

US spot Bitcoin ETF (exchange-traded fund) inflows reached a 4-month high as BlackRock CEO Larry Fink said BTC “is an asset class in itself” similar to gold.
Total inflows for the <a href="https://insidebitcoins.com/news/us-spot-bitcoin-etfs-suffer-worst-outflows-in-a-month-but-blackrock-still-records-inflows" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> reached $555.86 million on Oct. 14, according to data from <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer nofollow">SoSoValue</a>. The last time the ETFs recorded higher inflows was on June 4, when $886.7 million entered the funds’ reserves.
<img decoding="async" src="https://img.foresightnews.pro/202407/b9dae865533ac8707029cd85db13bf52.jpeg?x-oss-process=style/scale70" alt="Trump has made Polymarket popular. What are the benefits of the crypto prediction market?-web3资讯-ODAILY">
<h2 id="span-style-font-weight-400-larry-fink-likens-bitcoin-to-gold-in-latest-earnings-call-span">Larry Fink Likens Bitcoin To Gold In Latest Earnings Call</h2>
In BlackRock’s Q3 2024 <a href="https://www.nasdaq.com/articles/blk-earnings-blackrock-reports-robust-results-q3" rel="noopener noreferrer nofollow">earnings call</a>, Fink said that “Bitcoin is an asset class in itself,” adding that the leading crypto is an “alternative to other commodities like gold.”
Fink’s comments come as the asset manager’s <a href="https://insidebitcoins.com/news/michael-saylor-aims-to-make-microstrategy-the-leading-bitcoin-bank-with-1-trillion-valuation" rel="noopener noreferrer nofollow">Bitcoin</a> ETF, IBIT, leads in terms of cumulative inflows since the US funds launched at the start of the year. Following the $79.51 million inflows on Oct. 14, IBIT’s total assets under management (AUM) stand at $21.78 billion.
<h2 id="span-style-font-weight-400-investor-sentiment-improves-as-polymarket-bettors-anticipate-a-new-btc-all-time-high-in-2024-span">Investor Sentiment Improves As Polymarket Bettors Anticipate A New BTC All-Time High In 2024</h2>
In the past 24 hours, Bitcoin’s price rose more than 2% to trade at $65,722.25 as of 3:33 a.m. EST. With the recent gain, the largest <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">crypto</a> by market cap is up over 5% on the weekly time frame.
Although BTC has pulled back from its intraday high of $66,482.49, bettors on Polymarket are optimistic of a new all-time high (ATH) for the flagship crypto before the end of the year. A <a href="https://polymarket.com/event/bitcoin-new-all-time-high-in-2024" rel="noopener noreferrer nofollow">contract</a> asking if Bitcoin will reach a new peak in 2024 shows 64% odds in favor of a new ATH.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Crypto Fear &amp; Greed Index Now : 65 (Greed)<a href="https://twitter.com/hashtag/btc?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#btc</a> <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#bitcoin</a> <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#crypto</a> <a href="https://t.co/khH528KAvN" rel="noopener noreferrer nofollow">pic.twitter.com/khH528KAvN</a>
 — Crypto Candy🔥💎 (@cryptocandy24x) <a href="https://twitter.com/cryptocandy24x/status/1846037814234038491?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 15, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
More than $542K has been wagered on the Polymarket contract so far. Odds in favor of a new ATH rose 3% in the past 24 hours and 9% over the last week. Along with the increasing Polymarket odds, the <a href="https://alternative.me/crypto/fear-and-greed-index/" rel="noopener noreferrer nofollow">Crypto Fear And Greed Index</a> also jumped 17 points to indicate “Greed” in the market.
<h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3>
<ul>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/crypto-trader-turns-153k-into-6-4m-in-two-months-with-spx6900-securing-42x-gains" rel="noopener noreferrer nofollow">Crypto Trader Turns $153K Into $6.4M In Two Months With SPX6900, Securing 42X Gains</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/monochrome-asset-management-to-launch-australias-first-spot-ethereum-etf" rel="noopener noreferrer nofollow">Monochrome Asset Management To Launch Australia’s First Spot Ethereum ETF</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/top-trending-cryptos-on-geckoterminal-today-october-14-deepbook-protocol-slerf-pepe-gamestop" rel="noopener noreferrer nofollow">Top Trending Cryptos on GeckoTerminal Today, October 14 – DeepBook Protocol, Slerf, Pepe, GameStop</a></li>
</ul>

Bitcoin ETF Inflows Hit Four-Month High As BlackRock CEO Larry Fink Says BTC Is An Asset Class Like Gold

Table of Contents

Inside Bitcoins

Other articles published on Oct 15, 2024

SingularityDAO, Cogito Finance, and SelfKey Plan Merger to Create AI Economy Tokenization Platform

Qubetics Surges to $0.014—1600% ROI Awaits! Discover $TICS Presale as Kryza Expands and Aptos Sca...

An Interview With Union

Man Sues Newport Council for £495 Million Over Lost Bitcoin

Why Denaria?

BlackRock Integrates Cryptocurrency with Tokenized Funds

Join our free newsletter for daily crypto updates!