• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Record ETF Inflows Amid Bitcoin Decline

user avatar

by Giorgi Kostiuk

a year ago

Despite Bitcoin's 5% drop, investment firms are increasing their ETF holdings, reflecting long-term confidence in digital assets.

Bitcoin and Altcoin Decline

Bitcoin is trading near $96,259 after a sharp 5% drop. Major altcoins also experienced declines of 5% to 10%. The global crypto market fell by 16%, now at $3.38 trillion.

ETF Inflows and Institutional Confidence

Amid negative trends, BlackRock's iShares Bitcoin ETF recorded a $597 million inflow, underscoring institutional trust. In total, Bitcoin spot ETFs attracted nearly $978 million, with BlackRock leading.

Economic Factors Pressuring the Market

Strong U.S. economic data adds pressure on the crypto market. Rising Treasury yields attract traditional investment attention, while the strengthening U.S. dollar negatively impacts Bitcoin.

Despite current challenges, BlackRock's acquisitions signal confidence in crypto's long-term potential. Investors are watching institutional moves and economic trends closely.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Solana Foundation Unveils Developer Platform to Boost Blockchain Adoption

chest

The Solana Foundation has launched the Solana Developer Platform (SDP), an API toolset designed to help corporations and financial institutions develop blockchain-native products.

user avatarDavid Robinson

Gold Prices Plummet as Bitcoin Rises Amid Geopolitical Tensions

chest

Gold prices have dropped significantly as Bitcoin experiences a surge, reflecting shifts in investor sentiment during the ongoing US-Iran conflict.

user avatarAndrew Smith

Bitcoin Hashrate Drop Linked to Recent Price Movements

chest

A significant drop in Bitcoin's Hashrate was observed during the final week of January due to a snowstorm in the U.S., leading to a temporary decrease in Hashrate and a subsequent price crash.

user avatarZainab Kamara

Bitcoin Yardstick Indicator Shows Deep Undervaluation

chest

Charles Edwards discusses the current state of the Bitcoin Yardstick valuation indicator, indicating it is significantly undervalued.

user avatarJacob Williams

NYDIG Highlights the Role of STRC in Bitcoin Demand

chest

NYDIG emphasizes the importance of Strategy's STRC issuance as a new source of bitcoin demand, clarifying its misunderstood structure.

user avatarSon Min-ho

Bitcoin Depot Faces Regulatory Challenges and Revenue Decline

chest

Bitcoin Depot is facing regulatory challenges and has warned of a potential revenue decline of 30 to 40 percent this year due to increased scrutiny and ATM shutdowns in Connecticut.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.