Bitcoin ETF Inflows Hit Four-Month High As BlackRock CEO Larry Fink Says BTC Is An Asset Class Like Gold

CoinMarketCap10-15 19:39

US spot Bitcoin ETF (exchange-traded fund) inflows reached a 4-month high as BlackRock CEO Larry Fink said BTC “is an asset class in itself” similar to gold. Total inflows for the Bitcoin ETFs reached...

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The last time the ETFs recorded higher inflows was on June 4, when $886.7 million entered the funds’ reserves.Larry Fink Likens Bitcoin To Gold In Latest Earnings Call. In BlackRock’s Q3 2024 earnings call, Fink said that “Bitcoin is an asset class in itself,” adding that the leading crypto is an “alternative to other commodities like gold.”Fink’s comments come as the asset manager’s Bitcoin ETF, IBIT, leads in terms of cumulative inflows since the US funds launched at the start of the year. Following the $79.51 million inflows on Oct. 14, IBIT’s total assets under management  stand at $21.78 billion.Investor Sentiment Improves As Polymarket Bettors Anticipate A New BTC All-Time High In 2024","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IBIT":"iShares Bitcoin Trust","BITO":"ProShares Bitcoin ETF","BTC":"Grayscale Bitcoin Mini Trust","BRRR":"Valkyrie Bitcoin Fund","FBTC":"Fidelity Wise Origin Bitcoin Fund","BTCO":"Invesco Galaxy Bitcoin ETF","HODL":"VanEck Bitcoin Trust ETF","BK4594":"比特币ETF概念","BK4162":"人寿与健康保险","BK4585":"ETF&股票定投概念","BTCW":"WisdomTree Bitcoin Fund","ATH":"Athene Holding Ltd","BLK":"贝莱德","DEFI":"Hashdex Bitcoin ETF","GBTC":"Grayscale Bitcoin Trust","BK4588":"碎股","BK4550":"红杉资本持仓","FDN":"First Trust Dow Jones Internet I","BITB":"Bitwise Bitcoin ETF","EZBC":"Franklin Bitcoin ETF"},"translate_title":"BlackRock首席执行官Larry Fink表示BTC是像黄金一样的资产类别，比特币ETF流入创四个月新高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IBIT":1,"HODL":0.6,"GBTC":0.6,"FDN":0.6,"FBTC":0.6,"EZBC":0.6,"DEFI":0.6,"BTCW":0.6,"BTCO":0.6,"BTC":0.6,"BRRR":0.6,"BLK":0.6,"BITO":0.6,"BITB":0.6,"ATH":0.6},"content_text":"US spot Bitcoin ETF (exchange-traded fund) inflows reached a 4-month high as BlackRock CEO Larry Fink said BTC “is an asset class in itself” similar to gold.\nTotal inflows for the Bitcoin ETFs reached $555.86 million on Oct. 14, according to data from SoSoValue. The last time the ETFs recorded higher inflows was on June 4, when $886.7 million entered the funds’ reserves.\n\nLarry Fink Likens Bitcoin To Gold In Latest Earnings Call\nIn BlackRock’s Q3 2024 earnings call, Fink said that “Bitcoin is an asset class in itself,” adding that the leading crypto is an “alternative to other commodities like gold.”\nFink’s comments come as the asset manager’s Bitcoin ETF, IBIT, leads in terms of cumulative inflows since the US funds launched at the start of the year. Following the $79.51 million inflows on Oct. 14, IBIT’s total assets under management (AUM) stand at $21.78 billion.\nInvestor Sentiment Improves As Polymarket Bettors Anticipate A New BTC All-Time High In 2024\nIn the past 24 hours, Bitcoin’s price rose more than 2% to trade at $65,722.25 as of 3:33 a.m. EST. With the recent gain, the largest crypto by market cap is up over 5% on the weekly time frame.\nAlthough BTC has pulled back from its intraday high of $66,482.49, bettors on Polymarket are optimistic of a new all-time high (ATH) for the flagship crypto before the end of the year. A contract asking if Bitcoin will reach a new peak in 2024 shows 64% odds in favor of a new ATH. \n\nCrypto Fear & Greed Index Now : 65 (Greed)#btc #bitcoin #crypto pic.twitter.com/khH528KAvN\n— Crypto Candy🔥💎 (@cryptocandy24x) October 15, 2024\n\nMore than $542K has been wagered on the Polymarket contract so far. Odds in favor of a new ATH rose 3% in the past 24 hours and 9% over the last week. Along with the increasing Polymarket odds, the Crypto Fear And Greed Index also jumped 17 points to indicate “Greed” in the market.\nRelated Articles:\n\nCrypto Trader Turns $153K Into $6.4M In Two Months With SPX6900, Securing 42X Gains\nMonochrome Asset Management To Launch Australia’s First Spot Ethereum ETF\nTop Trending Cryptos on GeckoTerminal Today, October 14 – DeepBook Protocol, Slerf, Pepe, GameStop","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":"","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":"4.29.0","shortVersion":"4.29.0","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/2475508603"}