Inflows into BlackRock's Bitcoin ETF have outpaced the "magnificent seven" stocks in 2024 and are on track to push the BTC price to $88,000 by September.
BlackRock's iShares Bitcoin Trust ETF has collected nearly $19 billion worth of Bitcoin (BTC) since the beginning of the year. These âsurprisingâ inflows outnumber the âmagnificent sevenâ stocks in 2024, according to Jeroen Blockland, founder of Blockland Smart Asset Fund.
US spot Bitcoin ETFs have on-chain assets exceeding $61 billion. According to popular crypto analyst Titan of Crypto, BTC price could reach $88,500 by September.
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