Bitcoin spot ETFs have attracted $947 million in inflows over the first two days of the week, with BlackRock’s iShares Bitcoin Trust (IBIT) leading the charge by securing $199.4 million on September 30. This surge in investment has propelled IBIT to surpass Deribit as the largest Bitcoin options platform, boasting $38 billion in open interest.
Concurrently, Bitcoin's price has climbed over 3% in the past 24 hours, trading above $116,000. Analysts are eyeing the next resistance level at $117,500. In a related development, Nasdaq has filed to list BlackRock’s iShares Bitcoin Premium Income ETF, aimed at generating yield through Bitcoin-linked strategies.
Bitcoin ETFs Draw $947M in Inflows, BTC Price Tops $116K
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.