Bitcoin ETF hype no more? BlackRock exec has this to say now…

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BNP Paribas purchased 1,030 IBIT shares in the first quarter of 2024 at $40.47—less than the value of a single Bitcoin, at current prices...

, at the time of writing, appeared to be recovering from its recent dip below $60,000. However, it wasn’t all good news as spot BTC exchange-traded funds experienced a break in their inflows after a remarkable 71-day streak.This marked the largest single-day outflow since these spot ETFs’ debut in January, signaling a potential shift in investor sentiment after a prolonged period of inflows.

Here, the exec might be referring to a resurgence of interest in Bitcoin among institutional investors, including sovereign wealth funds, pension funds, and endowments.

Source: Digital Coin News (digitalcoinnews.net)

 

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