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12$BTC (+0.47%)
Spot ETFs had an absolute record day yesterday 🚀
On yesterday's trading day alone, over 1.3 billion dollars flowed into the Bitcoin Spot ETFs, which is a record.
The $IBIT of $BLK received 1.1 billion $🤯 alone
This brings the inflows since the ETFs started trading in January to over 25.5 billion dollars.
To put it in Larry Fink's words "$IBIT is the fastest growing ETF in the history of ETFs."
Source: https://farside.co.uk/btc/
Returns since election...
Coinbase $COIN (+8.63%) : +32%
Tesla $TSLA (+9.97%): +18%
Bitcoin $IBIT: +10%
Banks $KBE: +8.3%
Small Caps $IWM (+1.43%): +5.4%
S&P 500 $SPY (+1.17%): +3.3%
China $FXI (-4.89%): +2.4%
US Dollar $UUP: +0.8%
International Stocks $VEA (-0.55%): +0.2%
Oil $USO : -0.1%
Gold $GLD (+0.11%) : -1.5%
Long-Term Treasury Bonds $TLT : -1.6%
Trump Media $DJT: -18%
Volatility $VIX: -26%
Blackrock's Bitcoin-ETF
$IBIT recorded yesterday with a trading volume of over 4 billion dollars its most active trading day to date - Bloomberg
$BTC (+0.47%)
ETFs already in the top 10 of all ETFs of the last 10 years!
Over 2,000 ETFs have been launched in the last 10 years.
Both the $IBIT from Blackrock and the $FBTC from Fidelity have already made it into the top 10 ETFs of the last 10 years! And this despite the fact that they are only 10 months old...
BTW: How do things actually look with the $ETH (+0.7%) ETFs?
After the launch on July 23 this year, ETF inflows of no less than -572 million $ in the books🤣
Bitcoin cycles in the year of the halving. If September was green for Bitcoin, the following three months were all green. Bitcoin is up 11.5% this September and there are only four trading days (including today) left this month. Where do you see the Bitcoin price at the end of the year? My guess is $100,000 (currently $65,000).
$BTC (+0.47%)
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Investing.com - Morgan Stanley (NYSE:MS) disclosed a notable investment in its 13F filing with the U.S. Securities and Exchange Commission (SEC) for the second quarter of 2024. The bank invested $187.79 million in BlackRock (NYSE:BLK)'s spot Bitcoin ETF. This makes Morgan Stanley one of the five largest shareholders in the BlackRock iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF with a total market value of 20 billion dollars."°1
"The annual fees charged by issuers can also contribute to capital attraction. BlackRock has set its fee for the iShare ETF at 0.12% for the first 12 months, or up to $5 billion in assets under management, and then plans to increase it to 0.25%."°2
°2 https://de.cointelegraph.com/news/blackrock-ibit-bitcoin-etf-crosses-2-billion-market-cap
Blech Rock is making money from the product 😜
I'm really looking forward to the 2025 reporting season and finding out how much they have earned and will earn with the product.
Another small addition
BlackRock conquers the crypto throne
With assets under management now totaling USD 21.22 billion, BlackRock is pulling away from the crypto ETF competition. Grayscale is beaten.
https://www.btc-echo.de/schlagzeilen/blackrock-erobert-den-krypto-thron-190276/
--BlackRock, Inc. ($BLK ) today announced that its Board of Directors has declared a quarterly cash dividend of $5.10 per share of common stock. The dividend will be paid on September 23, 2024 to shareholders of record at the close of business on September 9, 2024.
So stable
But I firmly believe that the launch of the two ETFs $IBIT and US46438R1059 will put a lot of money in the coffers and contribute to the fact that we will soon see a nice increase.
By the way, no stalking for more returns in the ETF
"WILL THE iSHARES ETHEREUM TRUST ETF USE ITS ETHER TO GENERATE RETURNS FOR INVESTORS?
No, the iShares Ethereum Trust ETF will not be staking its ether at this time. Staking involves operational complexities and regulatory issues that make it unfeasible at this time."
https://www.ishares.com/us/strategies/ways-to-invest-in-ethereum
We'll see what happens, let's see
Furthermore, the amount of the next dividend payments remains unchanged from the last quarter:
BNP Paribas ($BNP (+0.1%) ), according to a filing with the SEC, has acquired shares of Black Rock ($BLK ) Bitcoin ETF ($IBIT ). However, it is only a very small position.
BNP Paribas acquired a total of 1k shares at a price of 40.47 US dollars eachwhich amounted to a total of 41,684.10 US dollars in total.
Black Rocks ($BLK ) US Bitcoin ETFs have the highest daily outflow recorded. However, according to Robert Mitchnick, Head of Digital Assets, this is only expected to be temporary. He predicts that the coming months will see a new wave of investments will follow in the coming months, this time from institutional investors, such as sovereign wealth funds, pension funds and foundations.
What do you think of $IBIT ? I'm thinking about investing 200€/month in crypto only. I started a few months ago (different coins) and it's fun. However, buying Bitcoin directly is currently too hot for me.
So, would you prefer to invest directly in coins or in the Bitcoin ETF?
Thank you!
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