BlackRock's Bitcoin ETF, known as IBIT, experienced an impressive daily inflow of $323.6 million on October 23, 2024. This significant influx of capital has driven the price of Bitcoin up, reaching $67,288.68.
This substantial investment suggests growing confidence and interest in Bitcoin-related investment products. The impact on Bitcoin's price is noteworthy, as it highlights the influence of institutional investment on the cryptocurrency market.
The rise in prices and inflows may signal a bullish sentiment towards Bitcoin, demonstrating its resilience and potential for future growth among investors.
Source: en.coinotag.com ↗