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Despite prevailing market fears, BlackRock’s IBIT Bitcoin ETF has added over 5,000 BTC in the past two days, leveraging the recent dip in Bitcoin prices and demonstrating strong investor interest.JOIN CRYPTOS HEADLINES<a href="https://t.me/CryptosHeadlines" rel="noopener noreferrer nofollow">TELEGRAM CHANNEL</a><img src="https://academy-public.coinmarketcap.com/optimized-uploads/f76d3ed1f6bd49a4a574d0a98dc11e99.svg&#43;xml" />This substantial acquisition has resulted in more than $300 million in inflows into BlackRock’s IBIT, potentially signaling the beginning of a new BTC bull run.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/689a0ea1b938473b881716c4dde61e59.png" /><h3 id="significant-inflows-and-market-movements-boost-bitcoin-s-outlook">Significant Inflows and Market Movements Boost Bitcoin’s Outlook</h3>On July 9, <a href="https://cryptosheadlines.com/blackrock-bitcoin-etf-ibit-surges-25-pre-market/" rel="noopener noreferrer nofollow">BlackRock’s IBIT Bitcoin ETF</a> experienced a 2.49% increase, recovering from last month’s sell-off. In contrast, Grayscale’s <a href="https://cryptosheadlines.com/bitcoin-price-set-for-new-high-as-gbtc-outflows-decrease-to-170m/" rel="noopener noreferrer nofollow">GBTC faced outflows</a> of $37 million on the same day. Despite ongoing market pressures from events like Mt. Gox repayments and German government actions, <a href="https://cryptosheadlines.com/franklin-templeton-plans-listing-blockchain-fund-for-institutional-investors/" rel="noopener noreferrer nofollow">institutional investors</a> see the current conditions as a buying opportunity. Historically, July has a median return of 9% for the crypto market, and traders remain hopeful for a continuation of this bullish trend.Amidst these market dynamics, US <a href="https://cryptosheadlines.com/standard-chartered-spot-bitcoin-etfs-may-drive-100b-inflows-propel-btc-to-200k-by-2025/" rel="noopener noreferrer nofollow">spot Bitcoin ETFs have recorded notable inflows</a>, totaling $214 million. BlackRock’s IBIT has led this surge, with $121 million in inflows and 2,134 BTC added in a single day. The previous day saw $187 million in inflows, with over 3,300 BTC acquired as prices fell to $53,500. This represents the highest three-week inflow for US Bitcoin ETFs to date. Fidelity’s FBTC also saw significant net inflows of $90.95 million, while Grayscale’s GBTC recorded outflows of $37.5 million.Despite a 10.92% correction in the previous week, Bitcoin rebounded with a 5.91% increase over three days, currently trading at $59,195. The total net inflow for Bitcoin ETFs now stands at $15.27 billion, accounting for 4.45% of Bitcoin’s market cap. This uptick suggests renewed investor confidence and hints at the potential for a Bitcoin bull run.<a href="https://cryptosheadlines.com/shiba-inus-burn-rate-and-market-value-surge/" rel="noopener noreferrer nofollow">Also Read: Shiba Inu’s Burn Rate and Market Value Surge</a><h3 id="bitcoin-etfs-recover-as-institutional-interest-grows">Bitcoin ETFs Recover as Institutional Interest Grows</h3>Following a recent drop in Bitcoin prices to a four-month low, Bitcoin ETF shares have been rebounding, gaining 2-5% over the past two days. On Tuesday, IBIT shares surged by 2.49%, reaching a price of $32.96. Although IBIT shares are trading at a 17% discount for the month, they have achieved a notable 23.77% gain year-to-date. Other spot <a href="https://cryptosheadlines.com/analyst-foresees-10-btc-price-surge-after-spot-bitcoin-etf-approval/" rel="noopener noreferrer nofollow">BTC ETFs</a> in the US have shown similar recovery trends in their share prices.The cumulative net inflow for Bitcoin ETFs has now reached $15 billion, reflecting strong institutional interest and providing potential support for Bitcoin’s value amidst ongoing market volatility. This increased institutional activity suggests a <a href="https://cryptosheadlines.com/bitcoins-position-among-the-worlds-biggest-companies/" rel="noopener noreferrer nofollow">positive outlook for Bitcoin</a>, despite recent price fluctuations.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/689a0ea1b938473b881716c4dde61e59.png" /><img src="https://academy-public.coinmarketcap.com/optimized-uploads/58dd92ecca2344dc96dbbe8ee58f2c56.png" />Important: 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.

BlackRock’s IBIT Bitcoin ETF Sees Major Inflows Amid Market Uncertainty

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2024년 7월 10일에 게재된 다른 기사

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