BlackRock sees historic $1.1 billion inflow as spot Bitcoin ETFs have best day everSpot Bitcoin ETFs set new record with $1.36 billion combined daily inflow.
Happy Friday!BlackRock's spot Bitcoin ETFs are making headlines with a historic inflow of $1.1 billion, marking the best day ever for this investment vehicle. This surge comes as the crypto market remains bullish following the Federal Reserve's recent 25 basis point rate cut, which many believe was already priced in, leading to a stable market reaction. Meanwhile, political shifts are in play as the Trump administration considers Dan Gallagher, Robinhood's legal chief, for the SEC chair role—a move that could have significant implications for the crypto landscape. As BlackRock's ETF experiences a 20% growth in net assets during Q3, the momentum in the crypto market shows no signs of slowing down. LATEST SLATECAST 🎙️ OORT’s Max Li emphasizes blockchain’s role in AI trust and ethics revolution The global crypto market cap is $2.51 trillion, with a 24-hour volume of $133.69 billion. The price of Bitcoin is $76,347.96, and BTC market dominance is 60.2%. The price of Ethereum is $2,936.26, and ETH market dominance is 14.1%. The best-performing sector is Insurance, which gained 13%. The Crypto Fear & Greed Index is currently Greed (75). BlackRock sees historic $1.1 billion inflow as spot Bitcoin ETFs have best day ever
Spot Bitcoin ETFs set new record with $1.36 billion combined daily inflow. 📰 Top News
Crypto market remains bullish following Fed rate cutThe 25bps cut was likely priced in, prompting no immediate reaction by risk assets markets. Trump administration considering Robinhood legal chief for SEC chair roleDan Gallagher is a favored candidate among crypto executives who contributed significantly to Trump's campaign and is currently the frontrunner for the top SEC role. BlackRock’s spot Bitcoin ETF records 20% growth in net assets during Q3Moreover, only 0.28% of IBIT's Bitcoin stash was sold to cover redeemed shares since launch, indicating user retention.
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