Altcoin News Official TheBitTimes.com

IBIT’s new record comes as Bitcoin achieved a new all-time high of over $76,000 on November 7 Dary McGovern, COO of Bitcoin native Xapo Bank, said to CoinJournal that Bitcoin’s new record indicates a “broader shift in institutional confidence” seen by BlackRock’s record net inflows The 12 spot Bitcoin ETFs recorded a daily total net inflow of $1.38 billion, a new record since listing in January BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) set a new record for inflows, reaching $1.12 billion, topping its previous record of $872 million. The new record was noted on SoSoValue and comes when Bitcoin reached an all-time high of $76,677 across major exchanges on November 7. Earlier in the week, Bitcoin broke a new all-time high of $75,317 as voting results signalled a Donald Trump win for the White House. BlackRock’s IBIT net assets now account for $34.29 billion, significantly pushing it ahead of it...

Bitcoin ETF inflows surge, threatening gold’s dominance. Divergence in fund flows: Bitcoin gains, gold loses. Bitcoin acts as a ‘risk-on’ investment and a safe-haven asset. In a seismic shift within the financial landscape, Bitcoin is rapidly gaining ground as a store- of-value asset, challenging its traditional counterpart, gold . Recent data reveals a substantial surge in spot Bitcoin ETF in flows , particularly in the United States, setting the stage for a potential challenge to gold ’s historical dominance. This shift not only signals a changing tide in investment preferences but also prompts speculation about Bitcoin’s long-term disruptive potential. Bitcoin ETFs vs gold: the growing divergence The past week has witnessed an impressive surge in spot Bitcoin ETF inflows, culminating in a near 10% increase in Bitcoin’s price. Notably, the lion’s share of these new investments is pouring into US-based ETFs, refle...

Fidelity’s FBTC hits $1B inflows, second to BlackRock’s IBIT. 10 out of the 11 approved ETFs gain $3.4B, Grayscale sees $2.2B outflows. Pullix PLX token presale gains steam as the trade-to-earn token’s value rises from $0.04 to $0.08. Fidelity’s FBTC spot bitcoin ETF has emerged as the second to surpass $1 billion in inflows, trailing closely behind BlackRock’s IBIT. Simultaneously, Pullix, a DeFi protocol, stirred excitement with its PLX token presale, showcasing impressive price surges across stages. Fidelity’s FBTC inflows Fidelity’s FBTC has rapidly gained traction in the crypto investment space, becoming the second spot Bitcoin ETF to reach $1 billion in inflows after BlackRock’s IBIT. According to BitMEX Research, the FBTC ETF achieved this milestone within just five days of trading. The surge in inflows underscores the growing interest among institutional and retail investors in gaining exposure to B...