Bitcoin

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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/vaneck-sees-major-spike-in-bitcoin-investment-inflows" rel="noopener noreferrer nofollow">VanEck Sees Major Spike in Bitcoin Investment Inflows</a><br></p>
<p style="text-align: justify">VanEck, a notable asset management firm, experienced a remarkable uptick in <a href="https://en.bitcoinhaber.net/bitcoins-volatility-surge-a-glimpse-into-the-future-of-crypto-markets" rel="noopener noreferrer nofollow">Bitcoin</a> investments with a reported inflow of $118.8 million in a single day. This surge significantly eclipses the firm’s typical daily average of $6 million and is anticipated to maintain its upward trajectory in the near future.</p>
<h2 id="exponential-growth-in-vaneck-s-bitcoin-holdings">Exponential Growth in VanEck’s Bitcoin Holdings</h2>
<p style="text-align: justify">This recent influx has propelled VanEck’s Bitcoin holdings under management to nearly double, amassing a total of $251 million. The company has also incentivized investment by waiving management fees until their Bitcoin assets hit the $1.5 billion mark or until March 31, 2025, whichever comes first.</p>
<h2 id="contrasting-investment-flows-and-bitcoin-s-market-value">Contrasting Investment Flows and Bitcoin’s Market Value</h2>
<p style="text-align: justify">Contrasting investment flows have been observed, with GBTC selling $494 million, which was counterbalanced by BlackRock and Fidelity’s combined purchase of $778 million in Bitcoin assets. These movements have contributed to an overall doubling of the average net inflows to the market, with Bitcoin’s price momentarily peaking at $72,800, before experiencing a dip and subsequent recovery above the $72,000 mark during the start of the US trading session.</p>
<p style="text-align: justify">Despite a Consumer Price Index (CPI) report that slightly exceeded market expectations, financial markets remained resilient, with the dollar index and Bitcoin’s price witnessing minor fluctuations following the announcement. The dollar index initially climbed, while Bitcoin’s price saw a small drop, followed by a steady return to earlier levels for both metrics.</p>
<p style="text-align: justify">As the market opens today, Bitcoin’s buying momentum displays a cautious advance, which could signal a potential tussle between bullish and bearish forces, with a possibility of resistance against further substantial gains.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/vaneck-sees-major-spike-in-bitcoin-investment-inflows" rel="noopener noreferrer nofollow">VanEck Sees Major Spike in Bitcoin Investment Inflows</a></h5>

VanEck Sees Major Spike in Bitcoin Investment Inflows

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