Close Menu
Cryprovideos
    What's Hot

    BAY Miner helps customers earn as much as $90,000 in passive earnings per day by XRP and DOGE

    June 6, 2025

    Ethereum Worth Dips Beneath $2,500: Traders Eye Key Help Ranges

    June 6, 2025

    Secret Ethereum (ETH) Golden Bull Run Incoming? Solana (SOL) Enters Freefall, Bitcoin (BTC): Now or By no means?

    June 6, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Bitcoin»BlackRock's IBIT Bitcoin ETF Posts Report $1.1 Billion Influx As Bitcoin Hits New ATH Following Fed Fee Lower
    BlackRock's IBIT Bitcoin ETF Posts Report .1 Billion Influx As Bitcoin Hits New ATH Following Fed Fee Lower
    Bitcoin

    BlackRock's IBIT Bitcoin ETF Posts Report $1.1 Billion Influx As Bitcoin Hits New ATH Following Fed Fee Lower

    By Steven WalgenbachNovember 8, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Be part of Our Telegram channel to remain updated on breaking information protection

    BlackRock’s IBIT spot Bitcoin ETF (exchange-traded fund) noticed a file $1.1 billion in inflows after the US Federal Open Market Committee (FOMC) introduced a 25 foundation factors fee reduce, sending BTC to a brand new all-time excessive (ATH).

    IBIT noticed $1.119  billion enter its reserves on Nov. 7 following two consecutive days of outflows totaling $113.3 million, in line with knowledge from Farside Traders. Bitcoin reacted by surging to a brand new ATH of $76,943, in line with CoinMarketCap.

    Former BlackRock Director Predicts SEC Will Approve Bitcoin ETF Within '3 to 6 Months' | by Christopher Pfeiffer | Supreme Crypto News | Medium

    BlackRock’s IBIT Leaves Spot Bitcoin ETF Rivals Trailing In The Mud

    BlackRock’s IBIT fund outperformed its spot Bitcoin ETF rivals by a big margin when it comes to inflows yesterday. The second largest inflows have been posted by Constancy’s FBTC, with $190.9 million being added to its capital reserves. 

    Different Bitcoin ETF funds, together with ARKB, BITB, HODL, GBTC and BTC ,additionally recorded inflows. Bitwise’s BITB and Ark’s ARKB recorded constructive flows of $13.4 million and $17.6 million, respectively. 

    Equally, traders despatched $4.3 million, $7.3 million and $20.4 million to HODL, and Grayscale’s GBTC and BTC funds. The remaining Bitcoin ETF funds recorded no new flows on the day.

    Informed y’all it was prob gonna be huge, altho even I’m shocked it’s that huge, by far largest at some point movement of any btc etf ever. https://t.co/Q5MPDMrTYv

    — Eric Balchunas (@EricBalchunas) November 8, 2024

    FOMC Retains Fee Lower Streak Going

    IBIT’s huge inflows come amid an rate of interest reduce from the Federal Reserve’s FOMC. Following the 50 foundation factors discount it introduced for September, the FOMC lowered its benchmark in a single day borrowing fee to a goal vary of 4.50%-4.75%.

    The newest rate of interest reduce had a constructive influence on the crypto market, which noticed its capitalization climb over 2% within the final 24 hours. 

    Market leaders Bitcoin (BTC) and Ethereum (ETH) stored their bullish momentum going following a spike after Donald Trump received the US election, posting good points of greater than 1% and three%.

    BTC is subsequently up over 9% on the weekly timeframe, whereas ETH rose 16% in the identical interval.

    Associated Articles:

    Most Searched Crypto Launch – Pepe Unchained

    Pepe UnchainedPepe Unchained
    • Layer 2 Meme Coin Ecosystem
    • Featured in Cointelegraph
    • SolidProof & Coinsult Audited
    • Staking Rewards – pepeunchained.com
    • $10+ Million Raised at ICO – Ends Quickly

    Pepe UnchainedPepe Unchained


    Be part of Our Telegram channel to remain updated on breaking information protection





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Secret Ethereum (ETH) Golden Bull Run Incoming? Solana (SOL) Enters Freefall, Bitcoin (BTC): Now or By no means?

    June 6, 2025

    $41,000 Drained From Girl’s PNC Financial institution Account – And Her Daughter Is Now a Suspect: Report – The Each day Hodl

    June 6, 2025

    Bitcoin bulls should guard key $95.6k assist as veteran holders money in on positive aspects

    June 6, 2025

    Sei Community Paves the Means for Autonomous AI Financial Integration

    June 6, 2025
    Latest Posts

    Secret Ethereum (ETH) Golden Bull Run Incoming? Solana (SOL) Enters Freefall, Bitcoin (BTC): Now or By no means?

    June 6, 2025

    Bitcoin bulls should guard key $95.6k assist as veteran holders money in on positive aspects

    June 6, 2025

    UK Gold Miner Bluebird Pioneers Bitcoin Reserve Transfer

    June 6, 2025

    China to ban proudly owning Bitcoin? Gate.io to pay $30M over liquidations: Asia Specific

    June 6, 2025

    The “Compliant Citizen” Dilemma and the “Civic Dividend” of Bitcoin

    June 6, 2025

    Gold Miner’s Announce Transition to Bitcoin: Sends STock Hovering 60 P.c – BlockNews

    June 6, 2025

    Bluebird Mining Shifts to Bitcoin, Inventory Jumps 60% – Bitbo

    June 6, 2025

    Crypto Analyst Warns: This Bitcoin Bull Cycle Seems Nothing Like 2017 or 2021

    June 5, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Ohio To Forestall Taxes On Crypto Funds With New Invoice

    February 26, 2025

    Crypto Bounce on tender CPI, ETH whale Liquidated, S&P500 in Correction – Decrypt

    March 16, 2025

    The best way to Navigate the Crypto Market After a Correction — Classes from 2025

    February 27, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.