BlackRock's Bitcoin ETF hits $1 billion in record time!
The crypto market continues to break records! BlackRock's Bitcoin ETF (
$BTC ) (IBIT) surpassed an impressive $1 billion in trading volume in just two hours last Friday (01/24). This performance occurred after a period of outflows at the beginning of the month, showing an overwhelming recovery.
BlackRock, the largest asset manager in the world, continues to lead the sector. According to data from Arkham Intelligence, the company purchased more than $600 million in BTC, further strengthening its position in the market. CEO Larry Fink bets that institutional adoption can take the price of Bitcoin to $700 thousand!
Meanwhile, Bitcoin ETFs continue to dominate the sector, leaving Ethereum-based products (
$ETH ) behind. Even if the SEC approves future altcoin ETFs, experts believe BTC will remain on top.
💬 Do you think Bitcoin ETFs will drive BTC's price even higher? Comment your opinion and like this post!
Source:
BeInCrypto BrasilDisclaimer: This content is not investment advice. Please do your own research and be fully informed before making any decisions.
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