Amiee Kuruvilla I1jU
1 Following
6 Followers
8 Liked
0 Shared
Posts
🟡 Bitcoin ETF Inflows Hit $70 B: Why Bulls Aren’t Blinking
BlackRock’s iShares Bitcoin Trust (IBIT) just smashed through $70 billion AUM, becoming the fastest‑growing ETF in history. In only 341 trading days it eclipsed the SPDR Gold Trust’s 1 691‑day record. The streak of multi‑million‑dollar daily inflows shows no sign of fatigue, with a single‑day buy of $970 million BTC in late April. What does that mean for price? Structural demand from pension funds and RIAs is locking away >660 K BTC—a supply squeeze on top of halving‑era scarcity. Traders eye the $110 K‑$120 K band, citing ETF accumulation curves. Remember: past performance ≠ future gains, but liquidity lives where institutions park money.
#Bitcoin #CryptoMarkets #BinanceSquare #BTC #ETF
BlackRock’s iShares Bitcoin Trust (IBIT) just smashed through $70 billion AUM, becoming the fastest‑growing ETF in history. In only 341 trading days it eclipsed the SPDR Gold Trust’s 1 691‑day record. The streak of multi‑million‑dollar daily inflows shows no sign of fatigue, with a single‑day buy of $970 million BTC in late April. What does that mean for price? Structural demand from pension funds and RIAs is locking away >660 K BTC—a supply squeeze on top of halving‑era scarcity. Traders eye the $110 K‑$120 K band, citing ETF accumulation curves. Remember: past performance ≠ future gains, but liquidity lives where institutions park money.
#Bitcoin #CryptoMarkets #BinanceSquare #BTC #ETF
Login to explore more contents