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Last week was one of the most impressive periods for crypto exchange-traded funds (ETFs), in particular Bitcoin (BTC). BlackRock was one again ahead of its rivals, recording $446 million worth of BTC inflows on Thursday, October 2, and another $791.55 million on Friday, October 3, according to data retrieved by Finbold from SoSoValue To put things into perspective, Fidelity, for example, saw only $69.58 million added on Friday, while Ark’s net assets rose by $35.48 million. Out of 12 spot Bitcoin ETFs, only five saw no changes at the week’s close, while the rest were in the green. However, the numbers become more staggering when we consider that BlackRock’s net additions were more than four times higher than those of its competitors combined ($193.5 million). Spot BTC ETFs. Source: SoSoValue The overall daily inflows on October 3 were thus at $985.08 million, bringing the weekly total to $3.24 billion. New BlackRock Bitcoin ETPs  The world’s largest...

According to data from Farside Investors, BlackRock’s IBIT Bitcoin (BTC) ETF has purchased $1.1 billion worth of BTC over three days. The world’s largest asset manager bought $193.5 million worth of BTC on Apr. 22, $643.2 million worth on Apr. 23, and $327.3 million worth on Apr. 24. BlackRock’s recent buying spree comes amid a market-wide resurgence. Also Read: Why No Currency Can Replace U.S. Dollar’s Power: IMF Data Is Clear Source: Farside Investors Bitcoin Surges After BlackRock’s $1.1 Billion Buy BTC has reclaimed the $93,000 mark after its recent descent to below $75,000. BTC is currently training in the green zone across all time frames. The asset is up 1.4% in the daily charts, 10.5% in the weekly charts, 15.5% in the 14-day charts, 6.5% over the previous month, and 45.7% since April 2024. Source: CoinGecko Also Read: Shiba Inu: $18 Million Profits in SHIB If You Invested ‘At This Time’ Other bullish factors may have also propelled Bitcoin’s (BTC) ...

BTC is exchanging hands at $26,938, bolstered by a 2% spike in 24 hours, with the pullback from the weekly high already priced in. advertisement If the building bullish outlook stays grounded this week, Bitcoin price could push beyond $28,000, thus bringing the psychological $30,000 hurdle within reach. Blackrock’s Bid for Spot BTC ETF Buoys the Market Bitcoin and Ethereum both kicked off trading on Tuesday on a positive note. Market participants believe Blackrock has a greater chance of getting the spot Bitcoin exchange-traded fund (ETF) approved. The coveted offering has eluded many companies, including Grayscale, which is currently entangled in a lawsuit with the US Securities and Exchange Commission (SEC). Investors and traders like the popular, Michaël van de Poppe believe institutional investors will usher in the next bull market. Recommended Articles ...