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Blackrock Unleashes Bitcoin Beast Mode and Now the World Owes Us $124M Because We Can Apparently Do Math

BitcoinCrypto NewsRegulation/Negotiation 3 Kevin Nelson August 16, 2024

An illustration of an unleashed bear emerging from a cage with flames in the background as it charges towards a giant dollar sign on its hind legs while holding a bitcoin symbol in one hand. The bear is surrounded by swirling numbers, some rising upwards like smoke, others falling downwards into darkness. A faint image of Blackrock's logo can be seen at the top left corner amidst broken chains and shattered glass. In the foreground, scattered coins with dollar signs are being trampled underfoot as they scatter in all directions.

The cryptocurrency space is at it again, folks! This time around, Blackrock’s IBIT fund has somehow managed to suck in a whopping $124 million on Monday alone. That’s right; we’re talking about an influx of cash that would make even the most seasoned crypto bros jealous (if they weren’t too busy counting their imaginary profits). But let’s not get ahead of ourselves here – this is still just a tiny drop in the ocean compared to the overall market

Source: bitcoin.com

Blackrock's IBIT Propels US Spot Bitcoin ETFs to $124M Inflows on Monday
https://news.bitcoin.com/blackrocks-ibit-propels-us-spot-bitcoin-etfs-to-124m-inflows-on-monday
U.S. spot bitcoin exchange-traded funds (ETFs) attracted $124.13 million on Monday, elevating the total net inflows to $17.71 billion. Data indicates that $2.68 billion was traded during Monday’s sessions, with Blackrock’s IBIT emerging as the only gainer. On Monday, sosovalue.xyz stats show the 11 U.S. spot bitcoin ETFs garnered $124.13 million in inflows, driven entirely by gains in IBIT. Blackrock‘s IBIT drew in $205.62 million, while three other funds experienced […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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