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In a noteworthy development for the Bitcoin (BTC) market, BlackRock’s Bitcoin ETF, under the ticker name IBIT, has experienced a significant shift in trading dynamics.
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The Bitcoin ETF market has witnessed a notable inflow streak, with BlackRock’s iShares Bitcoin Trust ETF (IBIT) leading the race. Since gaining approval from the US Securities and Exchange Commission (SEC) on January 10, the ETF market has experienced over three months of trading.
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Asset manager Blackrock has emerged as the frontrunner in the Bitcoin ETF race in terms of inflows with its IBIT ETF, which is increasingly attracting institutions’ attention as a key development showing its success.
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In response to the global demand for Bitcoin-related products, Brazil has seized the opportunity to capitalize on the momentum surrounding the leading cryptocurrency.
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Amidst growing concerns of illicit activities involving cryptocurrencies, reports have emerged linking North Korean hackers associated with the notorious Lazarus Group to an exploit of Ethereum (ETH) through the virtual currency mixer Tornado Cash.
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Bitcoin (BTC) recently achieved a significant milestone by reaching an all-time high (ATH) of $73,700 on March 14th. This surge was primarily attributed to the booming Bitcoin ETF market, which substantially impacted the cryptocurrency’s price.
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BlackRock, the world’s largest asset management firm, has submitted a filing to the US Securities and Exchange Commission (SEC) to include Bitcoin Exchange Traded Funds (ETFs) in its Global Allocation Fund.
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