{"id":478754,"date":"2024-02-07T16:47:57","date_gmt":"2024-02-07T16:47:57","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=478754"},"modified":"2024-02-07T16:47:57","modified_gmt":"2024-02-07T16:47:57","slug":"bitcoin-price-prediction-as-inflows-to-the-blackrock-bitcoin-etf-become-fifth-highest-among-all-etfs-experts-say-this-ico-might-be-the-best-crypto-to-buy-now","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-as-inflows-to-the-blackrock-bitcoin-etf-become-fifth-highest-among-all-etfs-experts-say-this-ico-might-be-the-best-crypto-to-buy-now","title":{"rendered":"Bitcoin Price Prediction: As Inflows To The BlackRock Bitcoin ETF Become Fifth Highest Among All ETFs, Experts Say This ICO Might Be The Best Crypto To Buy Now"},"content":{"rendered":"
The Bitcoin price dropped a fraction in the last 24 hours to trade at $42,930 as of 4:30 AM EST on trading volume that fell 7% to $16.58 billion.<\/p>\n
Bitcoin might soon see stronger activity with data showing that BlackRock’s Bitcoin ETF (exchange-traded fund) inflows have already become the fifth-highest among all ETFs in the US with $3.2 billion this year.<\/p>\n
\nGot our first holder reported for $IBIT<\/a>, it's a Canadian asset manager called Redwood, looks like it sold the local Purpose Bitcoin ETF which is >1% fee and bought the US-based $IBIT<\/a> which is free till first $5b and 25bps thereafter. Great cost migration hitting crypto funds. pic.twitter.com\/d0OC5vHkWn<\/a><\/p>\n
— Eric Balchunas (@EricBalchunas) February 6, 2024<\/a><\/p><\/blockquote>\n