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BlackRock Inc.s iShares Bitcoin Trust (ticker IBIT) netted $612 million Wednesday in its biggest one-session haul, breaking a record set just a day prior, data compiled by Bloomberg show. Altogether, the 10 new exchange-traded funds investing directly in the worlds biggest cryptocurrency took in a net $673 million, even with the outflows seen by Grayscale Bitcoin Trust (GBTC).
(Bloomberg) -- Another day, another record across the booming world of Bitcoin ETFs – fueled by fear of missing out on the latest crypto rally.Most Read from BloombergTrump Warns of Big Losses From Asset Sales During Property SlumpFed’s Preferred Inflation Metric Increases by Most in a YearStocks End Month at New Highs After Inflation Data: Markets WrapBiden Amasses Cash Lead as Trump Bleeds Money in 2024 FightBlackRock Inc.’s iShares Bitcoin Trust (ticker IBIT) netted $612 million Wednesday in
Cryptocurrency News: Bitcoin surged to a 17-month high as hopes for no more interest-rate hikes from the Federal Reserve and potential demand from the exchange-traded fund
Bitcoin has more than doubled this year in part on bets that the Securities and Exchange Commission may approve applications from the likes of BlackRock Inc. to start the first US ETFs investing directly in the token.
Analysts say that it's not just hopes of the approval of a spot bitcoin ETF driving the digital asset's price run.