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COINTURK NEWS > Bitcoin News > Massive Influx into BlackRock’s Bitcoin ETF Captivates Market Attention
Bitcoin News

Massive Influx into BlackRock’s Bitcoin ETF Captivates Market Attention

In Brief

  • BlackRock's Bitcoin ETF attracts $217 million in investments, highlighting institutional interest.

  • Investors show continued accumulation of Bitcoin despite market fluctuations.

  • MicroStrategy plans to raise $500 million for Bitcoin investments under Saylor's leadership.

Ömer Ergin
Ömer Ergin 2 months ago
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BlackRock’s iShares Bitcoin $0.00004 Trust, a Bitcoin ETF, continues to attract significant interest from major investors. In recent trading sessions, the ETF saw an influx of 2,660 Bitcoins, bringing the total investment value to approximately $217.26 million. The trading volume of the ETF surpassed $1.6 billion, indicating increased market activity, which reveals ongoing institutional interest in Bitcoin.

Contents
Performance of Bitcoin ETF and Its Market ImpactInstitutional Investors and Technical Barriers

Performance of Bitcoin ETF and Its Market Impact

Following recent withdrawals from Bitcoin ETFs, BlackRock’s Bitcoin ETF has once again garnered substantial investment inflows. This ETF reached its highest daily investment amount since February 4, 2025, capturing the attention of market observers. Analysts are closely monitoring the effects of the increase in trading volume on Bitcoin’s price.

On-chain data also indicates that investors continue to accumulate Bitcoin. According to data from Glassnode, investors purchased 167,000 Bitcoins in the last month, amounting to approximately $14 billion in total value. Notably, long-term investors have been observed continuing to buy Bitcoin despite sudden price drops.

Institutional Investors and Technical Barriers

Led by MicroStrategy founder Michael Saylor, a plan has been announced to raise $500 million for Bitcoin investments. The company aims to support this process by issuing 5 million shares in a 10% convertible series. MicroStrategy is known for its significant investments in Bitcoin over time.

Technical levels also continue to influence Bitcoin’s price movements. Analysts note that the 200-day and 50-day simple moving averages create critical resistance for Bitcoin’s price. If the price falls below $80,000, there is a risk of a pullback to $75,000 and below. General market trends and the upcoming Federal Reserve interest rate decision will play a crucial role in shaping investors’ strategies.

Experts are closely monitoring the impact of macroeconomic conditions and technical levels on Bitcoin’s price. Bitwise CIO Matt Hougan argues that there is no barrier to Bitcoin reaching the $1 million mark in the long run. Meanwhile, investors are adopting a cautious stance in the face of short-term volatility.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 19 March, 2025 - 5:08 pm 19 March, 2025 - 5:08 pm
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