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The BlackRock bitcoin ETF (exchange-traded fund) posted a new daily trading volume record as Polymarket's odds increase for btc to reach $100,000 by the end of the year.
BlackRock's IBIT fund generated $4.5 billion in daily trading volumes yesterday, according to a Nov. 11 report. x.com/EricBalchunas/status/1856081711706030300″>mail in x by Bloomberg ETF analyst Eric Balchunas.
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BlackRock bitcoin ETF Leads $1.1 Billion Inflows
will go Not only did it see a surge in trading activity, but it also saw the highest number of US spot bitcoin ETF inflows on November 11.
During yesterday's session, the asset management titan's ETF saw $756.5 million enter its reserves, according to btc/#google_vignette”>Farside Investor Data. This is more than half of the $1,114.1 million inflows the funds collectively recorded that day.
Fidelity's FBTC recorded the second largest inflow of funds after investors sent $135.1 million to the fund. Behind FBTC are ARK and 21Shares' ARK, which recorded net inflows of $108.6 million.
Bitwise's BITB, Invesco's BTCO, Franklin's EZBC, and Grayscale's two spot bitcoin ETFs all recorded inflows on November 11. Meanwhile, Valkyrie's BRRR, VanEck's HODL, and WisdomTree's BTCW recorded no new flows yesterday.
Polymarket bettors confident of getting $100,000 btc before the end of the year
The rebound in IBIT trading volumes and inflows occurred during the same time. btc managed to surpass its previous all-time high to set a new peak of $89,956.88 in the last 24 hours. Since then it has regressed slightly to bitcoin/”>trade at $89,475.20 at 3:43 a.m. EST.
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The odds of bitcoin reaching $100,000 this year have skyrocketed to 53%. pic.twitter.com/rPKVBCI8mg
– Polymarket (@Polymarket) twitter.com/Polymarket/status/1856011217904480423?ref_src=twsrc%5Etfw”>November 11, 2024
According to a contract bitcoin-hit-100k-in-2024?tid=1731397483104″>Polymarket Asking whether btc will skyrocket to $100,000 by the end of the year, there are still more upsides on the cards for the leading cryptocurrency.
Odds on the decentralized betting platform in favor of this happening increased by 33% in the last 24 hours. As a result, “Yes” shares are priced at $0.66, indicating a 66% chance of breaking the $100,000 mark, according to Polymarket bettors.
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