Bitcoin captured USD 50,000 million via ETF
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The ETF Ibit, managed by Blackrock, leads money tickets in these investment funds.
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Cash Bitcoin ETF impacts the price of digital currency.
The Bitcoin ETFs have caught 50,000 million dollars in net tickets in just 18 months since its launch in January 2024.
Yesterday, July 9, Seven of Bitcoin’s twelve ETF Blackrock, which attracted $ 125 million. Ibit, which this week became Bitcoin’s first ETF to exceed 700,000 BTC, has more than 55% of the total BTC in these funds.
As cryptootics reported, Ibit is the most profitable third ETF among the 1,197 Blackrock funds, the world’s largest asset administrator, and is 9,000 million dollars to become the leader of the firm. In addition, Ibit generates more annual income for Blackrock than its flagship background, the Ishares Core S&P 500 ETF.
They were followed by the ARK 21Shares Bitcoin ETF (ARKB) with 56 million dollars and the Grayscale Bitcoin Mini Trust ETF (BTC) with 15 million dollars. Other funds, such as Fidelity Wise Origin Bitcoin Fund (FBTC), Bitwise Bitcoin ETF (Bitb) and Coinshares Valkyrie Bitcoin Fund (BRR), also recorded tickets.
This performance of the ETFs He has promoted the price of Bitcoin, which reached a new historical maximum of $ 112,000.
The managing companies of these funds buy and maintain Bitcoin to support their actions, which generates a direct impact on the price. When the demand for these financial products increases, The firms acquire more BTC in the market, raising the price of the digital currency for the dynamics of supply and demand.
Rachel Lucas, an analyst at BTC Markets, said The milestone of 50,000 million dollars in net capital flows represents a decisive moment in the institutionalization of the digital currency. “What we are seeing is not a frenzy driven by retail trade, but a constant flow of capital from asset managers, corporate treasures and assets management platforms that finally enter the market,” he explained.
The analyst said that the interest in the ETFs is amplified by macroeconomic factors, such as geopolitical tensions and the renewed called of the president of the United States, Donald Trump to aggressive cuts of fees, which encourage investment in assets considered “risk.” “Bitcoin, with its fixed offer and global liquidity, is in a privileged position, but they are the ETFs, regulated and accessible through the traditional infrastructure of actions and bonds, which drives participation,” said Lucas.
