BlackRock Bitcoin ETF Records Impressive Growth Amid Market Turbulence

Wednesday, 6 March 2024, 13:46
BlackRock's Bitcoin ETF, IBIT, saw a significant increase in inflows, adding a record 12.6K BTC during Tuesday's market turmoil. This surge demonstrates strong investor interest in the product, with total inflows surpassing $9 billion since its launch nearly two months ago. The continuous growth of IBIT amid market volatility suggests a positive outlook for the cryptocurrency and ETF markets.
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BlackRock Bitcoin ETF Records Impressive Growth Amid Market Turbulence

BlackRock's Bitcoin ETF Records

IBIT's total inflows surpassed the $9 billion mark on Tuesday and show no signs of easing nearly two months after going live.

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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