1. Home
  2. Bitcoin Analysis
  3. BlackRock Bitcoin ETF inflows surpass ‘magnificent 7’ stocks as trader eyes $88K
<div>BlackRock Bitcoin ETF inflows surpass 'magnificent 7' stocks as trader eyes K</div>

BlackRock Bitcoin ETF inflows surpass ‘magnificent 7’ stocks as trader eyes $88K

0

Source: Coin Telegraph

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:

Read more

Go to Source
Author: Zoltan Vardai