Bitcoin Moves Above $99,000 After Billion-Dollar ETF Inflow Day -- WSJ

Dow Jones01:52

By Vicky Ge Huang

Bitcoin is closing in on the $100,000 milestone Friday after investors poured more than $1 billion of new money into exchange-traded funds tracking the cryptocurrency.

The largest digital currency by market value recently traded at $99,244 as of midday Friday, up 2% from its level 24 hours ago, according to the CoinDesk Bitcoin Price Index.

The 11 bitcoin ETFs saw a little over $1 billion in net inflows Thursday, the highest so far this week according to J.P. Morgan estimates and Bloomberg data out Friday morning. BlackRock's iShares Bitcoin Trust led the pack with $608 million in inflows.

The funds' total trading volumes surpassed $7 billion on Thursday, nearly three times as high as the running daily average of $2.5 billion since they launched in January, J.P. Morgan analyst Kenneth Worthington said in a Friday research note.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

November 22, 2024 12:52 ET (17:52 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2485941092?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-23 01:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2485941092","market":"fut","top_or_hot":-1,"title":"Bitcoin Moves Above $99,000 After Billion-Dollar ETF Inflow Day -- WSJ","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Vicky Ge Huang \n</p>\n<p>\n     Bitcoin is closing in on the $100,000 milestone Friday after investors poured more than $1 billion of new money into exchange-traded funds tracking the cryptocurrency. \n</p>\n<p>\n     The largest digital currency by market value recently traded at $99,244 as of midday Friday, up 2% from its level 24 hours ago, according to the CoinDesk Bitcoin Price Index. \n</p>\n<p>\n     The 11 bitcoin ETFs saw a little over $1 billion in net inflows Thursday, the highest so far this week according to J.P. Morgan estimates and Bloomberg data out Friday morning. BlackRock's <a href=\"https://laohu8.com/S/IBIT\">iShares Bitcoin Trust</a> led the pack with $608 million in inflows. \n</p>\n<p>\n     The funds' total trading volumes surpassed $7 billion on Thursday, nearly three times as high as the running daily average of $2.5 billion since they launched in January, J.P. Morgan analyst Kenneth Worthington said in a Friday research note. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 22, 2024 12:52 ET (17:52 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Moves Above $99,000 After Billion-Dollar ETF Inflow Day -- WSJ</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Moves Above $99,000 After Billion-Dollar ETF Inflow Day -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-23 01:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Vicky Ge Huang \n\n\n     Bitcoin is closing in on the $100,000 milestone Friday after investors poured more than $1 billion of new money into exchange-traded funds tracking the cryptocurrency. \n\n\n   ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1989772840.SGD","symbol_name":"CPR Invest - Climate Action A2 Acc SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2485941092","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485941092","pubTimestamp":1732297920,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Bitcoin is closing in on the $100,000 milestone Friday after investors poured more than $1 billion of new money into exchange-traded funds tracking the cryptocurrency.The largest digital currency by market value recently traded at $99,244 as of midday Friday, up 2% from its level 24 hours ago, according to the CoinDesk Bitcoin Price Index.The 11 bitcoin ETFs saw a little over $1 billion in net inflows Thursday, the highest so far this week according to J.P. Morgan estimates and Bloomberg data out Friday morning. BlackRock's iShares Bitcoin Trust led the pack with $608 million in inflows.The funds' total trading volumes surpassed $7 billion on Thursday, nearly three times as high as the running daily average of $2.5 billion since they launched in January, J.P. Morgan analyst Kenneth Worthington said in a Friday research note.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL .","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU0106831901.USD":"贝莱德世界金融基金A2","03042":"华夏比特币","BK4550":"红杉资本持仓","BK4127":"投资银行业与经纪业","BK4504":"桥水持仓","BK4516":"特朗普概念","FDN":"First Trust Dow Jones Internet I","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","03439":"嘉实比特币","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0971096721.USD":"富达环球金融服务 A","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU1548497426.USD":"安联环球人工智能AT Acc","09042":"华夏比特币-U","BK4534":"瑞士信贷持仓","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK1611":"加密货币现货ETF","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","BK4585":"ETF&股票定投概念","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","BK4581":"高盛持仓","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","09439":"嘉实比特币-U","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","03008":"博时比特币","BK4601":"加密货币现货ETF","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","09008":"博时比特币-U","BK4588":"碎股","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC"},"translate_title":"比特币在ETF流入数十亿美元后突破99,000美元——华尔街日报","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"03042":1,"FDN":1,"03008":1,"09439":1,"09042":1,"09008":1,"03439":1},"content_text":"By Vicky Ge Huang \n\n\n     Bitcoin is closing in on the $100,000 milestone Friday after investors poured more than $1 billion of new money into exchange-traded funds tracking the cryptocurrency. \n\n\n     The largest digital currency by market value recently traded at $99,244 as of midday Friday, up 2% from its level 24 hours ago, according to the CoinDesk Bitcoin Price Index. \n\n\n     The 11 bitcoin ETFs saw a little over $1 billion in net inflows Thursday, the highest so far this week according to J.P. Morgan estimates and Bloomberg data out Friday morning. BlackRock's iShares Bitcoin Trust led the pack with $608 million in inflows. \n\n\n     The funds' total trading volumes surpassed $7 billion on Thursday, nearly three times as high as the running daily average of $2.5 billion since they launched in January, J.P. Morgan analyst Kenneth Worthington said in a Friday research note. \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  November 22, 2024 12:52 ET (17:52 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","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":"4.29.2","shortVersion":"4.29.2","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/2485941092"}