Bitcoin ETF of Blackrock, Ibit, registered a large negotiation volume of $ 4.2 billion today, since the price of Bitcoin shot over $ 91,000 for the first time since the beginning of March. According data From Barchart, Ibit quoted in the amazing 81,098,938 shares, finishing the negotiation session at a price of $ 52.08.
The increase in ETF activity occurs on the same day Bitcoin rose to $ 91,739, according to Bitbo. This marks the highest price level since April 8, when Bitcoin reached a minimum of $ 75,603. The strong ascending impulse indicates a renewed purchase pressure in the market, particularly institutional investment products such as ETF Spot.
Bitcoin ETF of Fidelity, FBTC, also saw a significant commercial activity, with $ 425.17 million in volume. Meanwhile, GBTC of Grayscale registered $ 250.91 million, the ETF of Ark Invest registered $ 170 million, and the Bitwise fund quoted $ 120 million during the day.
Early in the day, the Blackrock Ibit also reached a historical maximum when measured against the Nasdaq index, a notable milestone that indicates the growing strength and confidence of investors in the background and Bitcoin.
High volume negotiation days, such as this, where the price of BTC increases often reflects strong tickets. However, the official figures of net entries and exits for today’s ETF activity will not be available until later tonight, since Heritage administrators publish them.
As the price of Bitcoin continues with the upward trend and ETF products show strong commercial volumes, the market is now being formed not only by the speculation of investors, but also by the fundamental demand of corporate and institutional buyers. The impact of regulated financial products such as ETF Spot is being amplified by a growing wave of corporate adoption.
In addition to institutional interest through ETF, public companies are increasingly resorting to Bitcoin as a reserve asset. Michael Saylor’s strategy has continued to acquire BTC, recently announces the purchase of 6,556 more coins. Semler Scientific has also joined the trend, reaching more than 1,100 BTC in holdings and recently presenting another $ 500 million to buy more. Gamestop is preparing to enter the market too, after having collected $ 1.5 billion for a Bitcoin Treasury strategy called “Rocket Project”. These corporate movements are injecting additional demand in the market, contributing even more to the impulse of upward prices.
Together, the increase in the activity of ETF and the increase in corporate adoption seem to be forming a powerful feedback cycle, which helps take the price of Bitcoin to the new maximums. Although the final entry data for today’s ETF trade will later arrive tonight, the combined impact of institutional purchase and balance strategies of the companies that are quoted in the stock market are reinforcing the state of Bitcoin as an investment asset and a long -term value store.
