Global #Blackrock

In the rapidly evolving world of cryptocurrency, exchange-traded funds (ETFs) linked to Bitcoin are emerging as a powerful investment vehicle, with both institutional and retail investors increasingly turning to these products for exposure to the leading cryptocurrency.

Bitcoin (BTC) has witnessed a significant uptick in demand, fueled by several key factors, including the overwhelming support for pro-crypto candidates in the United States, a recent Fed rate cut, and the growing trend of nation-states exploring Bitcoin as a solution to their economic crises.

On November 6, 2024, the Bitcoin spot ETF market saw an unprecedented surge in capital inflows, with a total of $622 million flowing into various Bitcoin ETFs.

BlackRock, the world's largest asset manager, has intensified its Bitcoin (BTC) buying efforts, reportedly acquiring $2.4 billion worth of Bitcoin in recent days through its iShares Bitcoin Trust (IBIT).

On October 30, BlackRock’s spot Bitcoin ETF achieved a remarkable milestone, recording $875 million in inflows, the highest single-day total since its launch in January.

On October 29, Bitcoin spot ETFs experienced a significant surge in investor interest, recording their largest net inflow since June, totaling $870 million.

As Bitcoin continues to gain traction in the financial world, Bitcoin ETFs have emerged as a popular vehicle for traditional investors seeking exposure to the cryptocurrency.

Wall Street is experiencing a surge in interest in tokenized money-market funds as traders seek alternatives to traditional stablecoins.

In a bold move, BlackRock, the issuer of the IBIT ETF, has acquired over $680 million in Bitcoin within just two days. This significant investment comes as IBIT, one of the most successful ETFs in the market, experiences a surge in price, reinforcing BlackRock's commitment to Bitcoin as a core element of its future strategies.

In the realm of Ethereum exchange-traded funds (ETFs), the BlackRock iShares Ethereum Trust (ETHA) has emerged as a standout performer, recording an impressive daily net inflow of $14.313 million.

On October 11, U.S.-based spot Bitcoin exchange-traded funds (ETFs) recorded impressive net inflows totaling $253.6 million, marking a turnaround after three consecutive days of outflows.

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on proposed rule changes that would permit options trading for spot Ethereum exchange-traded funds (ETFs).