$BTC

IBIT Shares Price Hits All-Time High

Following Thursday’s data, BlackRock’s IBIT has witnessed $47.5 billion in inflows since inception. It leads Fidelity’s FBTC by a massive margin, which is second at $11.8 million in inflows, among all US Bitcoin ETFs, as per data from Farside Investors. As a result, the Nasdaq-listed IBIT share has touched an all-time high of $63.23 on Thursday.

As per the Elliot Wave pattern as shown in the image below, BlackRock Bitcoin ETF (IBIT) can proceed further all the way to $80, to ride on the projected wave 5. This could potentially lead to a new Bitcoin all-time high moving ahead.