BlackRock's IBIT ETF Sees Significant Inflows Amidst Market Volatility

BlackRock's IBIT ETF draws $73.4M as the Bitcoin market faces a downturn and outflows.

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In contrast to it Grayscale's Bitcoin Trust (GBTC) experienced significant outflows, reducing from $166.2 million to $110.1 million.

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This has led to a general withdrawal among investors, evidenced by a net outflow of $110 million from global Bitcoin investment products.

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Recent international conflicts and the anticipated Bitcoin halving on April 20 influence market sentiments and investment decisions.

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Some analysts predict a significant sell-off by Bitcoin miners that might affect prices for several months.

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