BlackRock's Bitcoin ETF Flows Top US Market Giants, Pushing Bitcoin Price Expectations to $88,000
Publication Time:2024-07-24 18:11:08
As of now, BlackRock's Bitcoin ETF IBIT has accumulated nearly $19 billion in Bitcoin, a flow of funds that surpasses the inflow into the stocks of the 'Seven Sisters' of the US stock market in 2024. In comparison, the influx of funds into IBIT even outpaces Invesco's NASDAQ 100 ETF, which collects an inflow of $10 billion into 100 companies, including hype-driven seven stocks and the AI boom. Furthermore, Fidelity's spot Bitcoin product has garnered significant attention, currently ranking 11th with total inflows reaching $10 billion.
IBIT
BlackRock
Bitcoin ETF
The Seven Sisters of the US Stock Market
Bitcoin price forecast