Bitcoin

<p><em><strong>The price of Bitcoin surged above $58,700K as the BlackRock Bitcoin ETF experienced a significant influx of $520 million. This influx came from a net inflow totaling $577 million.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>Spot Bitcoin ETFs are having a stellar week, with a $520 million inflow on Monday followed by another robust inflow of $577 million on Tuesday. The significant influx was primarily driven by the <a href="https://cryptosheadlines.com/blackrocks-ishares-bitcoin-etf-disappears-and-reappears-on-dtcc-site/" rel="noopener noreferrer nofollow">BlackRock iShares Bitcoin ETF</a>, which alone saw an inflow of $520 million. These <a href="https://cryptosheadlines.com/shytoshi-kusama-hints-at-shib-developments-potential-price-rally/" rel="noopener noreferrer nofollow">developments signal strong potential for a Bitcoin price rally</a> to $60,000.</p><h3 id="record-inflows-for-spot-bitcoin-etfs">Record Inflows for Spot Bitcoin ETFs</h3><p>According to data from BitMEX Research, spot Bitcoin exchange-traded funds (ETFs) saw a significant net inflow of $577 million, or 10,167.5 BTC, on February 27. This marked the third-largest inflow ever recorded, with all nine <a href="https://cryptosheadlines.com/blackrock-selects-coinbase-custody-for-spot-bitcoin-etf-sec-lawsuit-conclusion-imminent/" rel="noopener noreferrer nofollow">spot Bitcoin ETFs</a> experiencing substantial trading volumes. However, Grayscale’s GBTC witnessed increased outflows on Tuesday, reaching $125.6 million after a brief drop to $22.4 million the previous day.</p><p>The BlackRock iShares Bitcoin ETF (IBIT) saw a remarkable inflow of over $520 million, <a href="https://cryptosheadlines.com/solana-attracts-24-million-inflows-sets-records/" rel="noopener noreferrer nofollow">setting a new record for the largest inflow</a> to date. IBIT also achieved a record daily trading volume of $1.3 billion, surpassing the trading volume of many large-cap US stocks. With this latest influx, BlackRock’s net inflow surged to over $6.5 billion, with asset <a href="https://cryptosheadlines.com/arkham-reveals-second-largest-btc-holdings-worldwide-in-grayscale-trust/" rel="noopener noreferrer nofollow">holdings exceeding 141,000 BTC</a>.</p><p>Other <a href="https://cryptosheadlines.com/valkyrie-seeks-spot-bitcoin-etf-application/" rel="noopener noreferrer nofollow">spot Bitcoin ETFs</a>, including Fidelity Bitcoin ETF (FBTC) and Ark 21Shares (ARKB) Bitcoin ETF, saw inflows of $126 million and $5.4 million, respectively. Bitwise (BITB), VanEck (HODL), and various other spot Bitcoin ETFs also experienced substantial inflows, indicating strong bullish sentiment among both retail and institutional investors.</p><p><a href="https://cryptosheadlines.com/cardano-ada-sees-big-increase-in-new-wallets/" rel="noopener noreferrer nofollow">Also Read:   Cardano (ADA) Sees Big Increase in New Wallets</a></p><p>Despite the outflows from GBTC, <a href="https://cryptosheadlines.com/bloomberg-etf-analyst-on-hashdexs-bitcoin-etf-filing/" rel="noopener noreferrer nofollow">Bloomberg senior ETF analyst</a> Eric Balchunas noted that the daily trading volume of the nine new spot Bitcoin ETFs, excluding GBTC, surpassed $2 billion for the second consecutive day. This trend coincides with <a href="https://cryptosheadlines.com/bitcoin-price-holds-firm-at-30k-eyes-31-2k-upside/" rel="noopener noreferrer nofollow">Bitcoin’s price holding firmly</a> above $57,000, showcasing continued strength in the cryptocurrency market.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines003-34.png?resize&#61;640%2C569&amp;ssl&#61;1" /></p><p>Source: BitMEX Research</p><h3 id="crypto-market-reaches-extreme-greed-as-btc-approaches-all-time-highs">Crypto Market Reaches Extreme Greed as BTC Approaches All-Time Highs</h3><p>The Crypto Fear &amp; Greed Index has surged to a four-year high of 82, signaling that the market sentiment is currently in the ‘Extreme Greed’ zone. This heightened level of FOMO (Fear of Missing Out) has extended beyond the crypto sphere, reaching <a href="https://cryptosheadlines.com/bitcoin-surges-to-30000-as-wall-street-embraces-crypto/" rel="noopener noreferrer nofollow">Wall Street as traders show exceptional interest in Bitcoin</a>.</p><p>Experts have anticipated that <a href="https://cryptosheadlines.com/bitcoins-bull-run-pauses-ahead-of-halving-event/" rel="noopener noreferrer nofollow">Bitcoin’s price could reach $60,000 before the upcoming bitcoin halving event</a>. With BTC currently trading at $59,000, it sits less than 15% away from its all-time high of $68.6K established 27 months ago.</p><p>In the last 24 hours, Bitcoin’s price experienced a low of $56,219 and a high of $59,000. Moreover, there has been a slight increase in trading volume, indicating ongoing interest and activity among traders in the market.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

BTC Hits $59K with $520M in BlackRock Bitcoin ETF

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