Bitcoin ETF Attracts $534M, Drives IBIT Stock Up 20% in a Fortnight

CoinMarketCap07-24

Key Points BlackRock’s iShares Bitcoin Trust (IBIT) experienced a significant inflow, causing its stock to rise by 20% in two weeks. Bitcoin’s price could drop to $64,000 if it fails to maintain the ...

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Bitcoin’s price could drop to $64,000 if it fails to maint","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","GBTC":"Grayscale Bitcoin Trust","BRRR":"Valkyrie Bitcoin Fund","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","DEFI":"Hashdex Bitcoin ETF","BITB":"Bitwise Bitcoin ETF","FBTC":"Fidelity Wise Origin Bitcoin Fund","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","BK4594":"比特币ETF概念","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4585":"ETF&股票定投概念","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","EZBC":"Franklin Bitcoin ETF","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","HODL":"VanEck Bitcoin Trust ETF","BTCW":"WisdomTree Bitcoin Fund","BK4535":"淡马锡持仓","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU1291159041.SGD":"CPR Invest - Global Silver Age A2 Acc SGD-H","BLK":"贝莱德","BK4588":"碎股","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","BK4550":"红杉资本持仓","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","IBIT":"iShares Bitcoin Trust","BITO":"ProShares Bitcoin Strategy ETF ","LU0731783394.SGD":"Fidelity Global Dividend A-MINCOME(G)-SGD","LU1599440770.SGD":"FIDELITY GLOBAL DIVIDEND \"A\" (SGDHDG) INC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BTCO":"Invesco Galaxy Bitcoin ETF","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4581":"高盛持仓","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","BK4504":"桥水持仓","BK4135":"资产管理与托管银行","LU1989771016.USD":"东方汇理环球老龄化投资基金 A2 Acc","FDN":"First Trust Dow Jones Internet I"},"translate_title":"比特币ETF吸引5.34亿美元，推动IBIT股价两周内上涨20%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITO":1,"IBIT":1,"HODL":1,"GBTC":1,"FDN":1,"FBTC":1,"EZBC":1,"DEFI":1,"BTCW":1,"BTCO":1,"BRRR":1,"BITB":1,"BLK":0.9},"content_text":"Key Points\n\nBlackRock’s iShares Bitcoin Trust (IBIT) experienced a significant inflow, causing its stock to rise by 20% in two weeks.\nBitcoin’s price could drop to $64,000 if it fails to maintain the crucial demand zone of $66,200.\n\nBlackRock’s iShares Bitcoin Trust (IBIT) has seen a significant increase in inflow, leading to a 20% rise in the stock within a fortnight.\nThis follows the approval of the spot Ethereum [ETH] Exchange-Traded Fund (ETF) in the United States, which resulted in the overall cryptocurrency market experiencing a downturn and selling pressure.\nBitcoin ETF Inflow and BlackRock’s IBIT\nDespite the market downturn, Bitcoin [BTC] ETF has seen an inflow of over $534 million, according to on-chain analytic firm Spotonchain.\nThis substantial inflow marks the 12th consecutive trading day of positive inflow for Bitcoin ETF.\nBlackRock’s IBIT has particularly benefited from this, with a notable half-a-billion inflow. This is the first time since March 13th that IBIT has seen such a significant inflow.\nThe total inflow for IBIT since its launch has now surpassed $19.5 billion. IBIT holdings have also increased to 325,000 BTC worth $22.5 billion, and its stock price has risen by 2.56%.\nBitcoin’s Performance and Forecast\nOver the last two trading weeks, IBIT has seen a price increase of over 20%. In the last 30 days, due to increased interest from investors and traders, IBIT has seen a price surge of over 15%.\nHowever, Bitcoin is currently at a crucial demand zone of $66,200. If Bitcoin fails to sustain this level, a price drop to $64,000 could be expected.\nDespite a recent 1.5% price drop, investor and trader participation has increased by 45%, indicating continued interest. Over the last 30 days, Bitcoin has gained 4.7% in value.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Business Data","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.3","shortVersion":"4.26.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2453015989"}