BlackRock’s Bitcoin ETF Receives $526M
On Monday, Farside Investors reported that BlackRock’s iShares Bitcoin Trust (IBIT) brought in a total of $526.7 million from investors.
On Monday, Farside Investors reported that BlackRock’s iShares Bitcoin Trust (IBIT) brought in a total of $526.7 million from investors.
Miami, United States, 22nd July 2024, Chainwire
The sentiment surrounding Bitcoin has gone through a wild swing, transitioning from “extreme fear” to “greed” and even “FOMO” in a matter of days.
Germany has been actively moving a large amount of Bitcoin to various exchanges and market makers in the past few days, in an apparent attempt to sell the crypto that it seized in January.
On Thursday, the United States witnessed a net daily inflow of $78.93 million in spot bitcoin exchange-traded funds (ETFs), continuing a positive trend for the fifth consecutive day.
Bernstein analysts have given an outperform rating to Core Scientific and IREN, two companies that combine Bitcoin mining and AI data center strategies.
On July 7, the average fees for processing Bitcoin transactions reached their lowest point in four years, with a reported value of $38.69.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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