BlackRock’s spot Bitcoin exchange-traded funds (ETF) iShares Bitcoin Trust trading under the ticker “IBIT” has seen inflows 69 days straight, said Bloomberg Intelligence ETF analyst Eric Balchunas in a social media post.,The fourth Bitcoin halving took place late on Friday at block height 840,000. This marked a pivotal change in the cryptocurrency’s supply dynamics. The halving event occurs approximately every four years and has reduced the mining reward from 6.25 to 3.125 bitcoins.,The Bitcoin halving has in turn triggered a supply squeeze. R
eductions are part of a predefined strategy to limit the total supply of Bitcoin to 21 million, enhancing its scarcity by halving the influx of new coins into circulation.,The latest
data from Farside Investments shows that Bitcoin ETF flows are once again gaining momentum after experiencing a slowdown in inflows despite the highly anticipated
bullish Bitcoin halving event.,
The growing Israel-Iran conflict has played a role in impacting the Bitcoin price. Last week
Bitcoin saw a sell-off and experienced volatility triggered by the military situation in the Middle East. Usually, Bitcoin is seen as a hedge against global uncertainty. On Monday, Bitcoin price remains stable trading at around
$66,300.,,Geopolitical Risk in the Middle East Impacting Market
https://coinniu.com/blackrocks-ibit-etf-sees-cash-inflows-for-69-days-straight/
