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54 Neutral

Bitcoin ETFs Record Inflows As BTC Stalls Below Recent Highs

Original title: Bitcoin's Biggest ETF Just Took In $665 MILLION. So Who's Still Selling? | Alex Thorn

The Wolf of All Streets 1:03:36 30,303 views on YouTube BTC +0.3%

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Summary

Bitcoin exchange-traded funds recently posted their best day since September. BlackRock's IBIT alone pulled in $665 million. Despite these inflows, Bitcoin stalled below last week's highs as market participants sold into the bid. The discussion also covers Strategy buying 267 BTC last week while spending $193 million to buy back its own preferred stock, BlackRock filing a new downside-protected Bitcoin ETF, the SEC crypto rule comment deadline, 10-year yields moving above 5%, and chip stocks ahead of the upcoming Federal Reserve meeting. Alex Thorn and Andrew Parish join the show.

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Key points

  1. Bitcoin ETFs posted their best day since September, with BlackRock's IBIT pulling in $665 million.
  2. Strategy bought 267 BTC last week while spending $193 million buying back its own preferred stock.
  3. BlackRock filed a new downside-protected Bitcoin ETF.
  4. The video discusses 10-year yields above 5% and chip stocks ahead of the Fed meeting.

Questions

How much did BlackRock's IBIT pull in?
BlackRock's IBIT pulled in $665 million.
How many BTC did Strategy buy last week?
Strategy bought 267 BTC last week.

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