🗣 Bitcoin price explodes after massive $250 million purchase!📈🚀



✔️ On February 10, 2024, a massive purchase of bitcoin worth nearly $250 million by BlackRock's iShares fund caused the price of the crypto to jump. This movement is part of a global dynamic of record purchases by ETFs in recent weeks, reflecting the voracious appetite of institutional investors to gain exposure to Bitcoin without directly holding it.

👉 Historic crypto purchase volumes

✔️ On February 10 alone, iShares acquired nearly $250 million worth of Bitcoin, or more than 5,200 BTC, on behalf of its ETF. At the same time, 8 other Bitcoin ETFs purchased the equivalent of an additional $300 million, or more than 6,400 BTC.
✔️ In the month of February alone, more than $2.7 billion flowed into these listed index funds, allowing them to quickly accumulate large stocks of Bitcoin. A sign of investor enthusiasm for this new crypto exposure tool.
#Gate Post Highlights# #ContentStar# #比特币# #BountyCreator# #HotTopicDiscussion# #GateioBountyCreator# #Crypto #
BTC-0.78%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 20
  • Share
Comment
0/400
RarityTrendsvip
· 2024-02-11 23:45
BTC Halving to Moon 🚀
Reply0
RarityTrendsvip
· 2024-02-11 23:44
WAGMI 💪
Reply0
RarityTrendsvip
· 2024-02-11 23:44
To Da Moon 🌕
Reply0
RarityTrendsvip
· 2024-02-11 23:44
Buy the Dip 🤑
Reply0
SAHBUBIvip
· 2024-02-11 17:50
Thanks for the useful information
View OriginalReply1
Jeo-bitcoinvip
· 2024-02-11 16:50
thanks for the information bro
View OriginalReply1
MRSAN23vip
· 2024-02-11 14:00
Let's see what we'll see 😂😅
View OriginalReply1
GateUser-dd341a05vip
· 2024-02-11 13:54
To Da Moon 🌕
Reply1
Ryakpandavip
· 2024-02-11 13:51
Grasp the trend, BitcoinHalving, is to do! 👊
View OriginalReply1
vip
· 2024-02-11 13:43
Grasp the trend and earn wild in 2024! 💸
View OriginalReply1
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)