Bitcoin ETF

Bitcoin

BlackRock

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/blackrock-and-fidelity-lead-bitcoin-etf-inflows/" data-wpel-link="internal">BlackRock and Fidelity Lead Bitcoin ETF Inflows</a><br></p>
<p style="text-align: justify">The US <a href="https://coin-turk.com/bitcoinin-gelistirici-ekibinden-bomba-aciklama-bitcoini-ondan-uzak-tutun" data-wpel-link="internal">Bitcoin</a> ETF market remains active with ETFs experiencing significant movement. BlackRock’s IBIT and Fidelity’s FBTC have been at the forefront during this period, drawing attention once again to ETFs on March 13, 2024, with nearly $870 million in inflows. During this time, the US <a href="https://en.coin-turk.com/sec-chairman-announces-approval-for-bitcoin-etfs/" data-wpel-link="internal">Bitcoin</a> ETFs received substantial support with institutional entries amounting to $700 million.</p> 
<h2 style="text-align: justify" id="blackrock-and-fidelity-bitcoin-etfs-capture-major-inflows">BlackRock and Fidelity Bitcoin ETFs Capture Major Inflows</h2> 
<p style="text-align: justify"><strong>Farside Investors’</strong> report indicates that the US Spot Bitcoin ETF hosted a massive entry of $684.7 million on Wednesday, March 13. This surge, occurring while Bitcoin continues to set new all-time highs, reveals increasing interest from Wall Street players in Bitcoin.</p> 
<p style="text-align: justify">Meanwhile, BlackRock’s IBIT and Fidelity’s FBTC stand out as leading providers in the Bitcoin ETF process with a combined flow approaching $870 million. Notably, BlackRock’s IBIT topped the list with an entry of $586.5 million on Wednesday, while Fidelity’s FBTC recorded a significant entry of $281.5 million.</p> 
<p style="text-align: justify">On the other hand, the entry into the <strong>VanEck Bitcoin</strong> ETF (HODL) shifted focus with an inflow of $82.9 million the previous day, but a subsequent drop to $16.5 million did not go unnoticed.</p> 
<p style="text-align: justify">VanEck, in another statement, announced their decision to waive fees from 0.20% to 0.0% until March 2025 for assets worth $1.5 billion, which was followed by significant inflows exceeding $200 million in the first two days of the week.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-327259" src="https://coin-turk.com/wp-content/uploads/2024/03/btc-79-milyon-coin-turk-com.png" alt="" width="657" height="765"></p> 
<h2 style="text-align: justify" id="bitcoin-price-on-the-rise">Bitcoin Price on the Rise</h2> 
<p style="text-align: justify">Since the approval of the US Spot Bitcoin ETF on January 10, it marked a significant milestone by recording the highest single-day net inflow on March 12. As we reported in recent days, US Spot Bitcoin ETFs experienced a net inflow of $1.05 billion on March 12.</p> 
<p style="text-align: justify">While all this is happening, the <strong>Bitcoin</strong> price also continues to move towards its all-time high, leaving $73,480 behind with a 0.49% increase. Bitcoin’s 24-hour trading volume decreased by 21% during this period, falling to $48 billion.</p> 
<p style="text-align: justify">On the other hand, the market cap continues to stay above $1.4 trillion. It is also worth noting that Bitcoin’s all-time high level is at $73,658.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/blackrock-and-fidelity-lead-bitcoin-etf-inflows/" data-wpel-link="internal">BlackRock and Fidelity Lead Bitcoin ETF Inflows</a></h5>

BlackRock and Fidelity Lead Bitcoin ETF Inflows

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