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BlackRock’s Bitcoin ETF Continues to Draw Huge Inflows Amidst Market Momentum
The latest inflows data suggests that the world’s largest asset manager, BlackRock, has seen its Bitcoin (BTC) exchange-traded fund (ETF) take in an astonishing $527 million. This massive influx of capital comes at a time when the market is witnessing consecutive days of inflows, with momentum suggesting it may continue to mark a high close.
As the world watches with bated breath, the crypto market has seen unprecedented growth in recent times, with many predicting a potential surge towards $103,000 for Bitcoin. The recent surge in adoption and growing institutional interest are believed to be driving these extraordinary inflows.
In this context, it is no surprise that BlackRock’s Bitcoin ETF is now one of the most sought-after instruments by investors looking to diversify their portfolios and hedge against inflationary pressures.
Source: u.today
