{"id":260285,"date":"2024-03-07T00:02:33","date_gmt":"2024-03-06T18:32:33","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=260285"},"modified":"2024-03-07T00:02:33","modified_gmt":"2024-03-06T18:32:33","slug":"blackrock-leads-bitcoin-etfs-with-record-inflows-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/blackrock-leads-bitcoin-etfs-with-record-inflows-crypto-news\/","title":{"rendered":"BlackRock leads Bitcoin ETFs with record inflows &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>BlackRock\u2019s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) had US$788 million in inflows on March 5 and set a new daily record by buying 12,000 more Bitcoins.<\/p>\n<p>The addition appears to have followed Bitcoin\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/bitcoin-falls-after-setting-new-all-time-high\/#:~:text=However%2C%20according%20to%20CoinGecko's%20price,have%20experienced%20unprecedented%20trading%20volumes.\">steep drop<\/a> after it set a new all-time price record. <\/p>\n<p>BlackRock and Fidelity dominate the spot Bitcoin ETF space, with combined assets under management (AUM) of over US$19 billion, The Block <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.theblock.co\/post\/280590\/bitcoin-investment-vehicles-1-million-btc-67-billion-usd\">reported<\/a>, citing data from BitMEX.<\/p>\n<p>Bitcoin investment products around the world now manage over one million Bitcoins or approximately 5% of the asset\u2019s circulating supply.<\/p>\n<p>The majority of these assets are held by U.S. spot and futures Bitcoin ETFs, with Europe and Canada being the second and third largest markets, respectively, according to The Block.<\/p>\n<p>This influx of investments into Bitcoin ETFs, particularly in the U.S., indicates a shift in the cryptocurrency\u2019s role in price discovery and reflects its growing acceptance among traditional investors.<\/p>\n<p>Bitcoin traded above US$67,000 at 1 p.m. ET, rebounding from yesterday\u2019s drop to around US$60,000, according to CoinGecko data. <\/p>\n<p>\n<span class=\"post-views-icon dashicons dashicons-chart-bar\" \/> <span class=\"post-views-label\">Post Views:<\/span> <span class=\"post-views-count\">225<\/span>\n<\/p>\n<\/div>\n<p>\t\t!function(f,b,e,v,n,t,s)<br \/>\n\t\t{if(f.fbq)return;n=f.fbq=function(){n.callMethod?<br \/>\n\t\tn.callMethod.apply(n,arguments):n.queue.push(arguments)};<br \/>\n\t\tif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=&#8217;2.0&#8242;;<br \/>\n\t\tn.queue=[];t=b.createElement(e);t.async=!0;<br \/>\n\t\tt.src=v;s=b.getElementsByTagName(e)[0];<br \/>\n\t\ts.parentNode.insertBefore(t,s)}(window, document,&#8217;script&#8217;,<br \/>\n\t\t&#8216;https:\/\/connect.facebook.net\/en_US\/fbevents.js&#8217;);<br \/>\n\t\tfbq(&#8216;init&#8217;, &#8216;1890501017821908&#8217;);<br \/>\n\t\tfbq(&#8216;track&#8217;, &#8216;PageView&#8217;);<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock\u2019s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) had US$788 million in inflows on March 5 and set a new daily record by buying 12,000 more Bitcoins. The addition appears to have followed Bitcoin\u2019s steep drop after it set a new all-time price record. BlackRock and Fidelity dominate the spot Bitcoin ETF space, with combined [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":163510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-260285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/260285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=260285"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/260285\/revisions"}],"predecessor-version":[{"id":260287,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/260285\/revisions\/260287"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/163510"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=260285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=260285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=260285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}