America

Bitcoin ETF

ETF COIN

<ul>
 <li>BlackRock’s $1.1B Bitcoin ETF inflow shows major investors are driving the market, boosting Bitcoin’s price and liquidity.</li>
 <li>As major firms like Fidelity and ARK Invest draw millions of users, indicating robust institutional demand, Bitcoin ETFs gain traction.</li>
 <li>With investors expecting legislative changes, Trump's pro-crypto position and BlackRock's inflows drive Bitcoin to all-time highs.</li>
</ul>
<p>BlackRock's spot Bitcoin ETF saw one of its largest one-day volumes, with an inflow of $1.1 billion. This inflow is shifting the market landscape, which indicates institutional investors' increased interest.&nbsp;</p>
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<p>With big players entering, Bitcoin’s liquidity and volatility are poised for significant shifts, drawing attention from global stakeholders. Besides, November 6 marked the second-best day for IBIT, with trading volumes rising by 10%. Despite high inflows, <a href="https://www.blackrock.com/us/individual/products/333011/ishares-bitcoin-trust" target="_blank" rel="noopener noreferrer nofollow">IBIT</a> also saw $69 million in outflows, indicating profit-taking amidst strong demand.</p>
<h2 class="wp-block-heading" id="h-major-bitcoin-etfs-gain-traction">Major Bitcoin ETFs Gain Traction</h2>
<p>The interest in Bitcoin ETFs extended beyond BlackRock. Fidelity’s Bitcoin ETF (FBTC) led with $308.7 million in inflows, followed by ARK Invest’s ARKB at $127 million. Additionally, Grayscale and Bitwise funds each saw inflows surpassing $100 million.&nbsp;</p>
<p>Consequently, total net inflows across U.S. spot Bitcoin ETFs reached $622 million, breaking a three-day outflow streak. This activity doubled daily average trading volumes, with U.S. Bitcoin ETFs hitting $6 billion on November 6. According to ETF expert Nate Geraci, inflows could exceed $1 billion by week’s end, suggesting sustained institutional interest.</p>
<h2 class="wp-block-heading" id="h-bitcoin-s-price-surges-amid-political-support">Bitcoin’s Price Surges Amid Political Support</h2>
<p>Bitcoin’s price surged past $75,000 following <a href="https://cryptonewsland.com/trumps-election-victory-a-vital-moment-for-ripple-and-xrp/" target="_blank" rel="noopener noreferrer nofollow">Trump’s victory over Kamala Harris</a> in the recent election. Trump’s pro-crypto stance is expected to foster favorable policies, including potentially replacing the SEC Chair and establishing a crypto advisory council. His administration could also prioritize U.S. Bitcoin mining, attracting investors anticipating regulatory support.</p>
<p>However, international markets responded differently. <a href="https://cryptonewsland.com/anthony-scaramucci-analyzes-bitcoins-role-amid-blackrocks-record-inflows/" target="_blank" rel="noopener noreferrer nofollow">BlackRock’s iShares ETFs</a> in Asia and South America saw declines, likely due to concerns over Trump’s trade policies and their potential global economic impact.</p>
<h2 class="wp-block-heading" id="h-technical-analysis-of-bitcoin-s-movement">Technical Analysis of Bitcoin’s Movement</h2>
<p>Bitcoin currently trades near $75,977, maintaining a bullish trend above the 200-period EMA at $68,071. Several Fibonacci retracement levels offer insight into potential support and resistance. The 0.382 level at $72,274 acts as immediate support, while the 0.618 level at $69,444 provides additional backing.&nbsp;</p>
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcJz-qJc7d3AjQMgmumcGjkCFiobvGczOASQIDoQvu5m4HotRhZ3nLy5U59bjd9gE46zi4lHj1jvnuA5MSWQyA2AkLqHVScubKK2iwLucjJE1_qINihqrBKl7vXeVPZzfMN7fSe?key=EAmjNjA0bmPsg9fKSTbm0v5L" alt="">
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<p><strong><em>Source:</em></strong><em> </em><a href="https://bingx.com/en/futures/indices/USTECHUSD/" target="_blank" rel="noopener noreferrer nofollow"><em>BingX</em></a></p>
<p>The 0.786 level at $67,430 further reinforces support in case of a downturn. The Awesome Oscillator (AO) suggests a slowing momentum, indicating possible consolidation. However, if current support holds, Bitcoin may continue its upward trajectory, aiming for sustained gains.</p>
<p>The post <a href="https://cryptonewsland.com/bitcoins-bull-run-blackrocks-etf-inflows/" rel="noopener noreferrer nofollow">Bitcoin’s Bull Run: BlackRock’s ETF Inflows and Trump’s Win Drive Prices Past $75,000</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin’s Bull Run: BlackRock’s ETF Inflows and Trump’s Win Drive Prices Past $75,000

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