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BlackRock’s IBIT Sees Largest Daily Outflow as Spot Bitcoin ETFs Bleed

The United States spot Bitcoin exchange-traded funds (ETFs) market is bleeding heavily as investors withdraw their funds amid BTC’s lack of price momentum. This string of withdrawals has resulted in…

Continue ReadingBlackRock’s IBIT Sees Largest Daily Outflow as Spot Bitcoin ETFs Bleed

Bitcoin Boom Goes Mainstream—Blackrock’s IBIT Becomes the Fastest Growing ETF of All Time

On Monday, Bloomberg spotlighted Blackrock’s Ishares Bitcoin Trust, or IBIT, as the “greatest launch” in exchange-traded fund (ETF) history. Bitcoin Takes Center Stage as Blackrock’s IBIT Breaks Records Blackrock, the…

Continue ReadingBitcoin Boom Goes Mainstream—Blackrock’s IBIT Becomes the Fastest Growing ETF of All Time

Bitcoin ETFs Shed $1.2B in 3 Trading Days as Altcoins Outperform BTC

Institutional investors are getting cold feet as the crypto market correction deepens with spot Bitcoin ETFs in the US reversing a fifteen consecutive trading day trend of inflows. For the…

Continue ReadingBitcoin ETFs Shed $1.2B in 3 Trading Days as Altcoins Outperform BTC

Blackrock Compares Bitcoin to ‘Magnificent 7’ Stocks: The Next Big Allocation Play

Blackrock has emphasized bitcoin’s growing portfolio significance, recommending a measured allocation strategy akin to mega-cap tech stocks. Bitcoin Meets the ‘Magnificent 7’: Blackrock’s Allocation Recommendation Blackrock Investment Institute (BII), a…

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