BTC What is Driving the Continued Inflows? The recent surge in bitcoin's price and its mainstream adoption has been a major factor in the increasing demand for bitcoin investment products. The rise in the price of bitcoin to over $60,000 has caught the attention of mainstream investors, who are now looking to add exposure to this digital asset to their portfolios. The ease and convenience of investing in bitcoin through ETFs have made them a popular choice among traditional investors. The Role of Blackrock's IBIT Blackrock's IBIT, which stands for "Bitcoin ETF," has been the top choice for investors looking to gain exposure to bitcoin through ETFs. The fund has seen consistent inflows over the past few weeks, with Friday marking its 14th consecutive day of inflows. IBIT is seen as a more diversified option compared to other bitcoin-focused ETFs, as it also invests in companies that are involved in cryptocurrency mining or blockchain technology. Outflows...
Welcome to Daily Crypto Talkies News, your ultimate source for latest and most relevant news, insights, and updates from the world of cryptocurrency. Our blog aims to provide valuable information to crypto enthusiasts for only learning purpose.
Join with us !
Download App Now