BlackRock Bitcoin ETF inflows surpass ‘magnificent 7’ stocks as trader eyes $88K
Bitcoin price could reach above the $88,000 mark by September, driven by continued Bitcoin ETF inflows.
Inflows into BlackRock’s Bitcoin exchange-traded fund (ETF) have exceeded those into the “magnificent seven” stocks in 2024, putting BTC price on track for $88,000 by September.
BlackRocks’s iShares Bitcoin Trust ETF has accumulated nearly $19 billion of Bitcoin (BTC) year-to-date (YTD).
These “baffling” inflows are greater than those of the “magnificent seven” stocks in 2024, according to Jeroen Blockalnd, the founder of Blockland Smart Asset Fund, who wrote in a July 23 X post:
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Author: Zoltan Vardai
