{"id":1930,"date":"2024-10-31T13:31:35","date_gmt":"2024-10-31T13:31:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1930"},"modified":"2024-10-31T13:31:35","modified_gmt":"2024-10-31T13:31:35","slug":"blackrocks-bitcoin-etf-crosses-1-million-btc-in-assets-under-management","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1930","title":{"rendered":"BlackRock&#8217;s Bitcoin ETF Crosses 1 Million BTC In Assets Under Management"},"content":{"rendered":"<div>\n<p><strong>BlackRock\u2019s iShares Bitcoin Trust<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/IBIT#NASDAQ\">IBIT<\/a>) on Wednesday experienced record-breaking inflows, signaling steadily increasing institutional interest <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41591016\/the-american-dream-is-alive-in-el-salvador-and-its-safer-than-disneyland-says-bitcoin-bull\">towards cryptocurrency investments<\/a>.<\/p>\n<p><strong>What Happened: <\/strong>According to <a href=\"https:\/\/sosovalue.xyz\/assets\/etf\/us-btc-spot\">data<\/a> from SoSoValue, IBIT saw an unprecedented $872 million in net inflows on Wednesday, surpassing its previous high set in March. This surge contributed to a total of $893.21 million in net inflows across <a href=\"https:\/\/www.benzinga.com\/topic\/bitcoin-etf\">U.S. spot bitcoin ETFs<\/a>, marking their second-highest daily total since launch.<\/p>\n<p>Rachael Lucas, a crypto analyst at BTCMarkets, <a href=\"https:\/\/www.theblock.co\/post\/323877\/blackrocks-spot-bitcoin-etf-sees-record-breaking-872-million-net-inflows-surpassing-march-peak\">told<\/a> The Block that central banks\u2019 global shift towards <a href=\"https:\/\/www.benzinga.com\/news\/24\/10\/41619340\/blackrocks-larry-fink-warns-against-overly-optimistic-fed-rate-cuts-cites-high-embedded-inflation-an\">reducing interest rates<\/a> and the anticipation of a potential <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41525790\/bitcoin-to-hit-73k-on-election-day-and-80k-if-trump-wins-says-standard-chartered\">Trump victory<\/a> in the upcoming U.S. presidential election may be influencing investor behavior.<\/p>\n<p>The &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41653546\/blackrocks-bitcoin-etf-crosses-1-million-btc-in-assets-under-management\" alt=\"BlackRock's\" bitcoin etf crosses million btc in assets under management>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock\u2019s iShares Bitcoin Trust (NASDAQ:IBIT) on Wednesday experienced record-breaking inflows, signaling steadily increasing institutional interest towards cryptocurrency investments. What Happened: According to data from SoSoValue, IBIT saw an unprecedented $872 million in net inflows on Wednesday, surpassing its previous high set in March. This surge contributed to a total of $893.21 million in net inflows [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1930","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1930"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1930\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}