The Bitcoin (BTC) price had a great day yesterday. After a big rise, $100,000 was broken again in the evening. But his own American stock exchange funds also performed remarkably well. It was the best trading day in a week and a half, but it was one of the rare times when BlackRock has had little input.
One of the best days ever for Fidelity’s BTC fund
The Bitcoin price made a big jump yesterday after the inflation report from the United States was released.
The consumer price index (CPI) rose entirely as expected, but the core variant (which excludes volatile food and energy prices) came in slightly lower, both annually and monthly.
Bitcoin rose from $97,000 to $99,000 in a short time and in the evening the final push was given to pass the $100,000 mark.
The new inflation figures have returned a lot of optimism to the market, and the Bitcoin spot Exchange-Traded Funds (ETFs) have benefited from this. Data from Farside Investors shows that $755.1 million in new capital was welcomed yesterday.
That is the highest combined net inflow since January 6. And it’s a very big contrast to the past four trading days. These all turned dark red, with an average loss of more than $300 million per day.
In fact, for Fidelity it was one of its best trading days since launching last January. His FBTC fund raked in a whopping $463.1 million. BlackRock finished surprisingly low with just $31.9 million in inflows, but that’s because it delayed reporting its numbers by a day. So there is a good chance that we will see a huge influx into BlackRock tomorrow.
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Ethereum can also be satisfied
Then briefly the results of the Ethereum ETFs. They ended the day yesterday with a profit of $59.7 million. Here too, this was the best result since January 6.
The Ethereum price did manage to perform better than that of Bitcoin. Bitcoin rose 3.61% yesterday, while Ethereum increased its value by as much as 7%.
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Source: https://newsbit.nl/bitcoin-etfs-halen-755-miljoen-op-maar-blackrock-stelt-teleur/
