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Market
Which Bitcoin ETF will have the largest net inflows by end of 2024?
3
Resolution / Starting Odds
BlackRock • 25%
Grayscale • 25%
Fidelity • 25%
Other • 25%
Official financial reports of ETF providers and financial news sources
Story
Bitcoin Nears New ATH of $73.7k as BlackRock ETFs Surge
Oct 18, 2024, 06:03 PM
Bitcoin has reached a new all-time high (ATH) and is now less than 7% away from surpassing $73.7k. The surge in Bitcoin's value is partly attributed to the significant inflows into Bitcoin ETFs, which have crossed $20 billion in total net flows within just 10 months. In comparison, it took gold ETFs about five years to achieve the same level of inflows. BlackRock's Bitcoin ETF has attracted $1 billion in less than a week, and the firm's CEO Larry Fink has declared Bitcoin an asset class. Additionally, BlackRock has purchased over $1 billion worth of Bitcoin this week. DBS has also introduced tokenized banking services.
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