MicroStrategy Outpaces BlackRock’s IBIT by Over 3x Year-to-Date
Exploring the unique strategies and competitive landscape of BlackRock’s IBIT vs. MicroStrategy
Binary trading platforms with better performance and payouts
Bitcoin ETF
Exploring the unique strategies and competitive landscape of BlackRock’s IBIT vs. MicroStrategy
Bitcoin-linked products led with $284 million of inflows, while their ether equivalents saw outflows of $29 million.
Did the launch of spot crypto ETFs help bring crypto into the mainstream and encourage adoption – particularly by closing the gap between advisors and their clients?
Ether has bounced off its 200-week simple moving average, reinforcing long-term support.
BlackRock’s iShares Bitcoin Trust (IBIT) broke its 13-day long streak of flat or negative flows, with the fund Monday taking in $15.8 million, according to data from Farside Investors.
The recent plunge in the price of bitcoin was accompanied by a sizable amount of net outflows from the 12 U.S. spot exchange-traded funds (ETFs). While on its face, that might appear worrisome, it’s more likely a sign of healthy growth.
Other exchanges have also withdrawn their applications, but some have re-filed.
Major Wall Street firms are increasingly warming up to cryptocurrency, as evidenced by their stakes in the spot Bitcoin (BTC) … Continue reading
The post Financial giants bet big on BlackRock’s Bitcoin ETF appeared first on Finbold.
BTC beats the CoinDesk 20 during the Asia trading hours, while traders remain bullish on TON because of its GameFi integration.
The dwindling metric points to declining selling pressure in the bitcoin market.