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Cryptocurrency markets continue to experience a positive atmosphere since the approval of spot Bitcoin ETFs. These ETFs have now become a part of our lives, with daily inflows. The numbers are enticing for cryptocurrency investors, with the latest comments coming from famed fund manager Anthony Scaramucci.
Anthony Scaramucci’s Praise for BlackRock’s Bitcoin ETF
SkyBridge Capital’s founder Anthony Scaramucci made a statement today drawing attention to BlackRock. The analyst emphasized that BlackRock has reached a new peak with its Bitcoin inflows.
Anthony Scaramucci pointed out that BlackRock’s spot-based Bitcoin ETF, IBIT, has reached an astonishing entry level of 5 billion dollars, noting that since its launch on January 11, the figure remained at 3 billion dollars for the first month.
IBIT Bitcoin ETF‘s official website stated that as of February 13, the amount of funds under management was 4,696,401,511 dollars. Today, Scaramucci highlighted that IBIT has surpassed the 5 billion dollar milestone.
Inflows Continue
According to a screenshot shared by Alastair Milne, CIO of Altana Digital Currency Fund, yesterday’s inflows into spot Bitcoin ETFs were over half a billion dollars, amounting to 631.3 million dollars. This number was 493.4 million dollars the day before.
Scaramucci is known for his bullish stance on most leading altcoins, including Bitcoin and Ethereum. He also disagrees with some experts who consider the total 5 billion dollar inflow into ETFs approved by the Securities and Exchange Commission to be a “disappointment” since their launch. According to Scaramucci, these experts are adding pessimism to the market.
On the other hand, Anthony Pompliano also commented on spot Bitcoin ETFs. Pomp stated that BlackRock and Fidelity broke the 30-year ETF record by securing a net inflow of 3 billion dollars in the first month of trading. Pompliano mentioned that out of 5,500 ETF launches in ETF history, spot Bitcoin ETFs collected the largest initial inflows.
It is worth mentioning that this positive sentiment has favorably reflected on the cryptocurrency Bitcoin‘s price. Today, Bitcoin has also crossed the $52,000 level. The price was at $51,934 while writing this article.
