US BTC ETFs record biggest inflow since Jan. 14 as AUM remains near peak levels

US BTC ETFs record biggest inflow since Jan. 14 as AUM remains near peak levels

U.S. ETF demand remains resilient even as Black Monday fears surfaced following bitcoin’s drop below $75,000 over weekend.

BlackRock dumps over $600M of these two cryptocurrencies in a day

Institutional outflows, which are among the primary causes of the ongoing cryptocurrency market sell-off, continued on Monday, February 2, with BlackRock in particular reducing its exposure to Bitcoin (BTC) and Ethereum (ETH) by more than $600 million. The world’s largest asset manager sold 6,306 BTC, worth around $496.41 million, and 58,327 ETH, valued at around $138.23 million, the day before, per data retrieved by Finbold from Lookonchain on …

US BTC ETFs record biggest inflow since Jan. 14 as AUM remains near peak levels - Technology Shout

Investors put cash into U.S.-listed Bitcoin Bitcoin$ Monday’s ETF proves that Wall Street still loves the cryptocurrency despite recent price turmoil. According to data from Farside Investors, the total net inflow of these 11 ETFs was US$561.8 million, which was the largest single-day buying volume since January 14. BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s FBTC led the way, with inflows of $142 million and $153.3 million respectiv…

BlackRock Buys $142 Million Worth of Bitcoin as Analyst Marks Double Bottom BTC Formation

BlackRock buys $142 million worth of Bitcoin. Analyst marks a double bottom formation on the BTC price chart.  The price of BTC could drop once more before an explosive price rally. With the prices of crypto assets falling, especially for the pioneer crypto asset, Bitcoin (BTC), where the drop in price is large and dramatic, this dip has opened an opportunity for accumulators to buy the asset at discounted prices. To highlight, BlackRock buys $1…

BlackRock and Fidelity Lead $561.8M Bitcoin ETF Influx

BlackRock and Fidelity's Bitcoin ETFs receive $561.8M inflow, reversing prior outflow streak.