Claim $500Bitcoin ETF: Blackrock, Fidelity Enter Top 20 All-Time List Amid Rising Demand
Highlights
- Blackrock and Fidelity Bitcoin ETF have now climbed the ladder to be in the top 20 "all-time high" list.
- In tandem with the increase in flows into the ETFs, the price of BTC gathered steam and crossed the $69,000 barrier.
- Demand for Bitcoin ETFs has skyrocketed ahead of the halving.
Bitcoin ETFs saw a surge in trading and inflows in the past couple of days. As the demand continues to soar, two of the ETFs have proven to be exceptionally popular. Blackrock and Fidelity Bitcoin ETF have now climbed the ladder to be in the top 20 “all-time high” list, according to Bloomberg analyst Eric Balchunas. Interestingly, this surge in demand also came right before Bitcoin halving, making the surge give out signals of a potential bull run.
Bitcoin ETF Rise in Flows
Last week for a bit of a roller coaster ride for Bitcoin ETFs. After seeing a few days with outflows and a few with inflows, investors were wondering if the overall Bitcoin ETF craze has died down. However, proving all of them wrong, the ETFs concluded the week with new inflows. The inflows were also larger than the previous ones.
In tandem with the increase in flows into the ETFs, the price of BTC gathered steam and crossed the $69,000 barrier. At the press time, Bitcoin is trading at $71,913.78, up nearly 3.3% as compared to the same time last day. The value of the Bitcoin market is $1.4 billion at the time.
Read Also: JPMorgan’s Jamie Dimon is Bullish on AI, Compares it to Steam Engine
Bitcoin ETF See Demand Ahead of Halving
Demand for Bitcoin ETFs has skyrocketed ahead of the halving. A spike in inflows right before the halving suggests that holders of Bitcoin are most likely stockpiling them ahead of the code upgrade. People maintain a strong Bitcoin profile because they are hoping for a bull run following the halving.
The impending halving is the primary cause of market participants’ hoarding of BTC and their fervent desire for Bitcoin ETFs. Despite recent market turbulence, Bitcoin whales have also been actively accumulating massive amounts of BTC as the halving draws near. Previous halvings have indicated that Bitcoin demand and supply usually take an imbalance after the code update. This creates a bull run for Bitcoin, considering the surge in demand and price.
Read Also: Bulls Eye $4K ETH Price as Ethereum Leads Crypto Rebound
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Fed Pumps $2.5B Overnight—Will Crypto Market React?
- Crypto-Based Tokenized Commodities Near $4B Milestone as Gold and Silver Hit Record Highs
- Largest Ethereum Treasury Company Bitmine Enters Staking, Deposits 74,880 ETH
- Brian Armstrong Praises Indian Police for Arresting Ex-Agent in $400M Coinbase Hack
- JPMorgan Flags Risky Stablecoin Activity, Freezes Account of Two Firms
- Pi Network Price Holds $0.20 After 8.7M PI Unlock, 19M KYC Milestone-What’s Next?
- XRP Price Prediction Ahead of US Strategic Crypto Reserve
- Ethereum Price Prediction Ahead of the 2026 Glamsterdam Scaling Upgrade – Is $5,000 Back in Play?
- Cardano Price Eyes a 40% Surge as Key DeFi Metrics Soar After Midnight Token Launch
- FUNToken Price Surges After MEXC Lists $FUN/USDC Pair
- Bitcoin Price on Edge as $24B Options Expire on Boxing Day — Is $80K About to Crack?
