• Home 1
  • Privacy Policy
LSD News
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
LSD News
No Result
View All Result
Home Crypto News

Should You Ditch Mining For ETFs? Bitcoin Investment Strategies Shift With $1 Billion Surge

by
March 15, 2024
in Crypto News
0
Should You Ditch Mining For ETFs? Bitcoin Investment Strategies Shift With  Billion Surge
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


The tides are turning for Bitcoin. In a sign of growing mainstream adoption, Bitcoin exchange-traded funds (ETFs) are witnessing a record influx of capital, even surpassing the daily production of new Bitcoins mined. This surge in investment, totaling a staggering $1.05 billion on March 11th, has sent shockwaves through the financial world.

Bitcoin Emerges As An Investment Powerhouse

This isn’t just a blip on the radar. The recent inflow represents the highest single-day net investment since the inception of Bitcoin ETFs, a staggering 55% increase from the previous record.

Recent data indicates that new Bitcoin exchange-traded funds (ETFs) have been successful in accumulating substantial assets, with inflows exceeding billions of dollars within just two months of their launch.

Analysts predict that spot Bitcoin ETFs could witness inflows of up to $220 billion over the next three years, potentially leading to a significant increase in Bitcoin’s price. This projection suggests that Bitcoin’s price could quadruple to $280,000 as a result of these inflows.

Bitcoin Price Action

Bitcoin recently hit a new record high, surpassing $73,000, driven by record-breaking inflows into US spot Bitcoin ETFs. The market activity indicates a strong interest from institutional investors, with BlackRock notably experiencing a record $849 million in daily inflows.

Clive Thompson, a seasoned wealth management expert, recently shed light on this dynamic in a LinkedIn post. He highlights the stark contrast between the massive influx of capital via ETFs (around 7,200 Bitcoins worth) and the daily trickle of newly mined Bitcoins (around 900). This imbalance has demonstrably influenced Bitcoin’s price trajectory.

The recent conclusion of GBTC share sales by Genesis Holdings is another factor that could potentially propel Bitcoin to new highs. With the fire sale over, analysts anticipate a surge in demand for Bitcoin ETFs, potentially leading to a positive feedback loop.

BlackRock Bets Big On Bitcoin’s Future

Further fueling the fire is the increasing involvement of major financial institutions. BlackRock, a titan of the investment world, has been particularly bullish on Bitcoin. Their IBIT ETF, a spot Bitcoin ETF, has witnessed extraordinary trading activity, surpassing even the well-established SPDR Gold Shares ETF (GLD).

Total crypto market cap is currently at $2.614 trillion. Chart: TradingView

This success has emboldened BlackRock to seek regulatory approval for additional offerings in emerging markets like Latin America. Their expansion plans speak volumes about their confidence in the long-term potential of Bitcoin.

Uncertainties Loom: Regulatory Hurdles Remain

However, the path forward isn’t entirely smooth. The US Securities and Exchange Commission (SEC) has adopted a cautious approach towards approving new cryptocurrency ETFs, particularly those for Ethereum (ETH).

This regulatory hurdle, coupled with the lack of clear communication from the SEC, is creating uncertainty for issuers like BlackRock. Upcoming meetings between regulators and ETF issuers could be a turning point, potentially swaying the SEC’s stance and paving the way for wider acceptance of cryptocurrency ETFs.

Featured image from Pexels, chart from TradingView

Tags: billionBitcoinDitchETFsinvestmentMiningShiftstrategiesSurge
Previous Post

Hot Stocks: Know what brokerages say on Paytm, Info Edge and Westlife Food

Next Post

Refund fraud schemes promoted on TikTok, Telegram are costing Amazon and other retailers billions of dollars

Next Post
Refund fraud schemes promoted on TikTok, Telegram are costing Amazon and other retailers billions of dollars

Refund fraud schemes promoted on TikTok, Telegram are costing Amazon and other retailers billions of dollars

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 139 Followers
  • 205k Subscribers
  • 23.9k Followers
  • 99 Subscribers
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Hawaii officials work to address mental health challenges facing wildfire survivors

Hawaii officials work to address mental health challenges facing wildfire survivors

August 17, 2023
Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

August 10, 2023
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

July 16, 2023
Gen Z is the worst at connecting with their grandparents, but building a better relationship could help fight loneliness. How to start

Gen Z is the worst at connecting with their grandparents, but building a better relationship could help fight loneliness. How to start

October 7, 2023
Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

5
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

5
Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

3
Georgia realtor receives invitation to play the Masters by mistake | CNN

Georgia realtor receives invitation to play the Masters by mistake | CNN

1
This artificial intelligence subcategory is undergoing a ‘golden age,’ says long-time tech analyst Dan Ives

This artificial intelligence subcategory is undergoing a ‘golden age,’ says long-time tech analyst Dan Ives

June 22, 2025
Why ether ETF inflows have come roaring back from the dead

Why ether ETF inflows have come roaring back from the dead

June 22, 2025
Bitcoin On-Chain Metrics Crash To Bear Market Levels Despite Price Sitting Close To ATH

Bitcoin On-Chain Metrics Crash To Bear Market Levels Despite Price Sitting Close To ATH

June 22, 2025
These 12 penny stocks rally up to 25% in a week – Trend tracker

These 12 penny stocks rally up to 25% in a week – Trend tracker

June 22, 2025

Recent News

This artificial intelligence subcategory is undergoing a ‘golden age,’ says long-time tech analyst Dan Ives

This artificial intelligence subcategory is undergoing a ‘golden age,’ says long-time tech analyst Dan Ives

June 22, 2025
Why ether ETF inflows have come roaring back from the dead

Why ether ETF inflows have come roaring back from the dead

June 22, 2025
Bitcoin On-Chain Metrics Crash To Bear Market Levels Despite Price Sitting Close To ATH

Bitcoin On-Chain Metrics Crash To Bear Market Levels Despite Price Sitting Close To ATH

June 22, 2025
These 12 penny stocks rally up to 25% in a week – Trend tracker

These 12 penny stocks rally up to 25% in a week – Trend tracker

June 22, 2025

We bring the latest news from all over the world and get all time updated you

Follow Us

Browse by Category

  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
  • Uncategorized

Recent News

This artificial intelligence subcategory is undergoing a ‘golden age,’ says long-time tech analyst Dan Ives

This artificial intelligence subcategory is undergoing a ‘golden age,’ says long-time tech analyst Dan Ives

June 22, 2025
Why ether ETF inflows have come roaring back from the dead

Why ether ETF inflows have come roaring back from the dead

June 22, 2025
No Result
View All Result
  • Home 1
  • Privacy Policy

© 2024 LSD News title="Jegtheme">Jegtheme.