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BlackRock's IBIT Enters Top 20 ETFs by Assets

BlackRock's iShares Bitcoin Trust (IBIT) has reached $90.7 billion in assets, now ranking among the top 20 ETFs. This milestone follows a significant inflow of $405.5 million, the largest since mid-August, as Bitcoin's price surged past $119,000 with a 4% daily increase. Since its launch in January 2024, IBIT has appreciated by 175% and has accumulated total net inflows of $61.376 billion. Bloomberg analyst Eric Balchunas indicated that IBIT could soon approach the top 10 ETFs by assets, with a long-term target settentatively for December 2026. The recent inflow trend reflects a strong appetite for Bitcoin ETFs, highlighted by a total of $675.8 million captured across all Bitcoin-related ETFs as of the latest reports, marking a significant recovery in investor confidence in the asset class.

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Bitcoin ETFs Pull In $676M as BTC Price Tops $119K

U.S. spot Bitcoin ETFs experienced significant inflows of $675.8 million on Wednesday, reaching their highest total since September 12. This surge coincided with the price of Bitcoin reaching over $119,000. Analysts attribute these inflows to predictions of imminent U.S. interest rate cuts and other macroeconomic factors.