BlackRock's Bitcoin Bet Fuels Record ETF Inflows Amid Price Surge
TL;DR Summary
BlackRock's Bitcoin ETF saw a record $1.1 billion in daily inflows following Donald Trump's re-election as U.S. President, with Bitcoin reaching an all-time high of $76,943. Analysts predict Bitcoin could hit $110,000 soon. Meanwhile, Michigan's pension fund increased its crypto investments, and Pakistan proposed legalizing digital currencies. Trump's victory is seen as positive for the crypto industry, with plans for a U.S. Bitcoin reserve gaining traction. In other news, WonderFi's CEO was reportedly kidnapped for ransom, and BlockFi's lending license was revoked in California.
- BTC’s ‘incoming’ $110K call, BlackRock's $1.1B inflow day, and more: Hodler’s Digest Nov. 3 - 9 Cointelegraph
- Leak Reveals BlackRock Is Quietly Doubling Down On Bitcoin As The Price Suddenly Rockets Toward $100,000 Forbes
- BlackRock Fund Powers US Bitcoin ETFs to a Record Daily Inflow Bloomberg
- BlackRock Bitcoin ETF surpassed YTD flows of 3,000 US ETFs in a single day, becomes top 3 ETF CryptoSlate
- Bitcoin ETFs See Record $1.3B Inflows on Trump Win, Fed Rate Cuts CoinDesk
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