BlackRock IBIT Bitcoin ETF Attracts Massive Investments During Bitcoin Price Swings

Wednesday, 28 February 2024, 20:48
BlackRock's IBIT Bitcoin ETF experienced a surge in volume and net inflows, totaling $520 million in fresh funds during a week of wild price fluctuations in the Bitcoin market. This significant increase in investments reflects growing interest in cryptocurrency ETFs and institutional participation in the volatile digital asset space. The record-breaking performance of the IBIT ETF amidst the turbulent BTC price action highlights the potential for further growth and adoption of cryptocurrency investment vehicles.
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BlackRock IBIT Bitcoin ETF Attracts Massive Investments During Bitcoin Price Swings

BlackRock IBIT Bitcoin ETF Volume Record

Net inflows into U.S.-listed spot bitcoin ETFs accelerated this week, with BlackRock's IBIT pulling in $520 million in fresh funds on Tuesday, according to BitMEX Research data.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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