BlackRock’s IBIT Fuels $403M Bitcoin ETF Surge—Wall Street Finally Wakes Up

Wall Street's late-night crypto FOMO just got a $403 million caffeine hit.

BlackRock's IBIT leads the charge as Bitcoin ETFs post their biggest inflows since the last time Elon tweeted 'diamond hands.' Traders pile in—just as institutions realize they're late to the party... again.

Funny how 'risky asset' narratives vanish when fees start rolling in.

Bitcoin currently stands at $119,100, with gain of 1.81% in a day. Even though below its recent all time high of $123,091.61, it is still above a crucial support level of $110,000. 

“Bitcoin has been able to maintain a solid position at around $118K after Core CPI data was lower than expected, prompting speculation that the Fed will be more likely to cut interest rates in September, potentially leading to a surge of demand for bitcoin,” noted Nick Ruck, Research Director at LVRG.

Also Read: BlackRock’s Bitcoin ETF Shatters Records with $80 Billion AUM