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A sharp drop in Bitcoin prices triggered a cascade of liquidations on October 23, wiping out leveraged positions across the market.
The $79 million net outflow on Tuesday reduced the cumulative net inflows of the 12 ETFs to $21.15 billion.
Institutional investors have doubled down their Bitcoin purchases in the recent past in a bid to hedge against global inflation and the ever-devaluation of fiat currencies.
BlackRock has led in Bitcoin purchases in the recent past, thus re-igniting the overall crypto bullish sentiment, which was anticipated in the fourth quarter.
Despite the steady inflows into Bitcoin ETFs, the crypto market remains ever volatile.
Stripe is rumored to have finalized a $1.1 billion acquisition of the stablecoin platform Bridge, with both companies yet to provide official confirmation.
A sudden surge in Bitcoin’s value has left thousands of traders counting their losses, with $135 million wiped out in liquidations over just 24 hours.
BlackRock’s iShares Bitcoin Trust ETF attracted the majority of Thursday’s inflows of $470million.
BTC price was stuck in tight consolidation near $68K, triggering a spike in profit taking. Will it derail further surge towards the March ATH?
Worldcoin, now World Network, has unveiled key updates and plans to scale to 1 billion users with new Orbs and a revamped World App.
Hamster Kombat is planning a new launch to its gaming strategy in new appeal to the community.
Market sentiment remains positive, with Polymarket predicting a 64% chance of Bitcoin hitting $70,000 in October.
Institutional interest in Bitcoin ETFs has intensified, driven by BlackRock’s IBIT fund, which has reported nearly $400 million in a single day.
BlackRock has led other fund managers and institutional investors in purchasing more Bitcoin (BTC) units ahead of the anticipated parabolic rally.
Nate Geraci, President of ETF Store, called it a “monster day” for spot Bitcoin ETFs. He highlighted that net inflows over the past ten months are approaching $20 billion.