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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/blackrock-ishares-bitcoin-trust-breaks-records-in-daily-crypto-inflows" rel="noopener noreferrer nofollow">BlackRock iShares Bitcoin Trust Breaks Records in Daily Crypto Inflows</a><br></p>
<p style="text-align: justify">The BlackRock iShares <a href="https://en.bitcoinhaber.net/spot-bitcoin-etf-the-final-countdown-to-secs-decision" rel="noopener noreferrer nofollow">Bitcoin</a> Trust (IBIT) has set a new benchmark in the <a href="https://en.bitcoinhaber.net/debate-continues-over-the-prospect-of-an-altcoin-season-amid-market-correction" rel="noopener noreferrer nofollow">cryptocurrency</a> investment arena, boasting a historic daily capital influx of $788 million on March 5th. This achievement eclipsed the former high of $612.1 million seen on February 28th, indicating a surge in trust from both institutional and retail investors as Bitcoin scales new peaks.</p>
<h2 id="spotlight-on-bitcoin-etf-movements">Spotlight on Bitcoin ETF Movements</h2>
<p style="text-align: justify">The record inflow coincided with Bitcoin reaching a peak price of $69,200, reflecting a notable upswing in investments within U.S. spot Bitcoin ETFs. Data from Farside Investors revealed a significant inflow totaling $648.3 million on the day Bitcoin achieved its record value. The trend suggests a burgeoning appetite for Bitcoin amongst investors.</p>
<p style="text-align: justify">Amidst this activity, American Bitcoin ETFs demonstrated diverse outcomes. While some funds like the Grayscale Bitcoin Trust and Invesco Galaxy Bitcoin ETF faced net withdrawals, IBIT dominated with substantial net inflows. The collective efforts from other funds, including the Fidelity Wise Origin Bitcoin Fund and Bitwise Bitcoin ETF, underpinned the momentum, cumulatively contributing to an $8.5 billion net inflow within the sector.</p>
<h2 id="market-dynamics-amidst-volatility">Market Dynamics Amidst Volatility</h2>
<p style="text-align: justify">Despite the ongoing outflows from the GBTC fund, both IBIT and FBTC maintained a strong influx of investments, with an aggregate of $14.46 billion coming in. The market experienced pronounced fluctuations, with Bitcoin’s value dipping by 15% to approximately $59,000 after hitting its all-time high.</p>
<p style="text-align: justify">The abrupt market correction led to investor liquidations topping $1.13 billion, underscoring the volatile and unpredictable nature of cryptocurrency investments. Farside Investors analysts expressed that the scenario serves as a stark reminder that Bitcoin’s price isn’t solely driven by ETF purchases and can be susceptible to rapid shifts in selling and buying pressures.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/blackrock-ishares-bitcoin-trust-breaks-records-in-daily-crypto-inflows" rel="noopener noreferrer nofollow">BlackRock iShares Bitcoin Trust Breaks Records in Daily Crypto Inflows</a></h5>

BlackRock iShares Bitcoin Trust Breaks Records in Daily Crypto Inflows

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