Blackrock's aim for the Crown of Digital Currency ETFs

Since it's inception at the start of January 2024 the iBIT ETF has gone up 31.35%.
As of writing this July 22, 2024 the iShares Bitcoin ETF has seen an astounding $523 Million Inflows and a $912 Million trading volume over the last 24 hours.

BlackRock is buying up Bitcoin at a pace unlike any seen before from institutional investors.
This means that they can soon start borrowing and leverage their Bitcoin positions thanks to the sheer size their Spot ETF has so far.
With the news of the Ethereum ETF being launched we can expect to see the price of iBIT rise up to $60.45 in the near future.
Technical Analysis shows that the previous downtrend had been broken and that a reclaim of the range is now giving us a bullish indication for future price movement.

Read our full report on our website to get a more in-depth look.