Daily Inflows into Bitcoin ETFs Reach $1 Billion
Bitcoin ETFs in the United States reached a new record on March 12 as they received over $1 billion in net inflows for the first time.
Bitcoin ETFs in the United States reached a new record on March 12 as they received over $1 billion in net inflows for the first time.
According to Bernstein analysts, the most effective way to invest in Bitcoin’s rise to $150,000 is through shares of mining companies.
BlackRock’s IBIT fund now holds assets under management exceeding 200,000 BTC ($14.6 billion).
The recent surge in Bitcoin’s value has surpassed that of silver, cementing its position as the eighth largest asset in the world.
Billionaire investor and CEO of Pershing Square Capital, Bill Ackman, expressed optimism towards the first cryptocurrency and suggested that the US dollar may weaken due to increasing inflation.
Michael Saylor believes that digital currencies, particularly Bitcoin, are now starting to compete with traditional gold exchange-traded funds (ETFs) as the largest in the commodity category.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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