Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
BlackRock's Bitcoin ETF Adds Another 6470 BTC to Its Assets

BlackRock's Bitcoin ETF Adds Another 6470 BTC to Its Assets

HappyCoinNewsHappyCoinNews2025/01/23 06:11
By:HappyCoinNews

Data from analytics platform BitcoinTreasuries shows that on January 21, the assets of the iShares exchange-traded fund Bitcoin BlackRock's IBIT increased by 6470 BTC ($682,43 million) to reach a total of 563 BTC (about $134 billion).

BlackRock's Bitcoin ETF Adds Another 6470 BTC to Its Assets image 0

BlackRock's IBIT has led other spot exchanges in inflows for three days in a row bitcoin ETF , traded in the US. On the day the fund replenished its BTC assets, investors poured $661,9 million into it. Mini was the second largest inflow on January 21 Bitcoin Grayscale Trust, which received nearly $136,39 million.

Inflows of other spot Bitcoin -funds turned out to be much more modest: ARKB from ARK and 21Shares raised about $8,51 million, Fidelity's FBTC raised $6,97 million, and Franklin Templeton's EZBC raised $6,18 million.

Bitwise's BITB bucked the trend, losing $17,41 million. The rest of the BTC- ETF On January 21st we didn't receive a cent.

Total capital inflows in 12 spot Bitcoin -funds amounted to $802,5 million. This is less than the $1,08 billion that ETF from investors on January 20, the day of Donald Trump's inauguration.

Experts attribute the decline in inflows the day after the event to the fact that the initial optimism in cryptocurrency markets following the election of the US president is gradually fading. However, the technical director Komodo Platform Kadan Stadelmann urged market participants to remain hopeful. He believes that Trump’s focus on pressing national issues has simply “postponed immediate action on cryptocurrencies.”

EN @happycoinnews
EN @happycoinnews_en
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Nintendo expands its SNES collection with Fatal Fury 2 and two more games

Share link:In this post: Nintendo Switch Online expands its SNES Switch Online basic collection with three new games. The Japanese gaming company added Fatal Fury 2, Super Ninja Boy, and Sutte Hakkun. Gamers can also get tiered access to other prolific retro game platforms through online subscriptions.

Cryptopolitan2025/01/24 17:33

Ripple requests an extended due date of April 16 for its brief in SEC case

Share link:In this post: Ripple asked for an April 16, 2025, deadline to file its brief in the ongoing SEC case over XRP sales. The SEC appealed a 2023 court ruling that said XRP retail sales weren’t securities, claiming the decision was flawed. Ripple’s legal team dismissed the SEC’s arguments as weak, while Better Markets backed the regulator, calling Ripple’s marketing misleading.

Cryptopolitan2025/01/24 17:33

MicroStrategy to redeem $1.05B in 2027 convertible notes with share settlements

Share link:In this post: MicroStrategy redeems $1.05B in 2027 convertible notes, offering investors the option to convert into shares before February 20. The company recently bought $1.1B in Bitcoin, fueling speculation it may use redeemed funds for additional crypto purchases. MicroStrategy faces potential tax challenges on unrealized crypto gains under the Inflation Reduction Act, though exemptions may be possible.

Cryptopolitan2025/01/24 17:33