Bitcoin Blasts To $111,867 All-Time High—Here’s Why
The post Bitcoin Blasts To $111,867 All-Time High—Here’s Why appeared on BitcoinEthereumNews.com. Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin pierced the $111,000 threshold for the first time in history on May 22, printing an intraday high of $111,867 on Binance, giving the asset a market capitalization of roughly $2.22 trillion, or two-thirds of the entire crypto market. The latest leg of the rally is being propelled by a tight confluence of catalysts that span institutional flows, corporate balance-sheet accumulation, and mounting macro-economic stress. #1 Spot Bitcoin ETF Inflows From Wall Street to BlackRock’s vaults, US spot Bitcoin ETFs have turned into a one-way conduit of fresh capital. Farside Investors tallied $607.1 million of net subscriptions on 21 May, of which a blockbuster $530.6 million flowed into BlackRock’s iShares Bitcoin Trust (IBIT). That pushed the 11-day haul to more than $2.7 billion and lifted cumulative net inflows across the complex past $42 billion—an unprecedented pace for a six-month-old asset class. Related Reading “Over $500mil into iShares Bitcoin ETF…Nearly $2 bil just over past week or so. Inflows 26 of past 27 days. *$7+bil* in new $$$ overall. Given trading volume today, expect these inflow numbers to increase,” ETF Store president Nate Geraci posted on X. Bloomberg’s Eric Balchunas added that IBIT is posting “its 2nd biggest volume day ever today. Classic feeding frenzy in effect, new ATHs will do that, e.g. last time traded this much was 1/23 (last ATH). All the btc ETFs are elevated, most gonna see 2x their average. Flows incoming.” #2 Bitcoin Treasury Companies…
The post Bitcoin Blasts To $111,867 All-Time High—Here’s Why appeared on BitcoinEthereumNews.com.
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin pierced the $111,000 threshold for the first time in history on May 22, printing an intraday high of $111,867 on Binance, giving the asset a market capitalization of roughly $2.22 trillion, or two-thirds of the entire crypto market. The latest leg of the rally is being propelled by a tight confluence of catalysts that span institutional flows, corporate balance-sheet accumulation, and mounting macro-economic stress. #1 Spot Bitcoin ETF Inflows From Wall Street to BlackRock’s vaults, US spot Bitcoin ETFs have turned into a one-way conduit of fresh capital. Farside Investors tallied $607.1 million of net subscriptions on 21 May, of which a blockbuster $530.6 million flowed into BlackRock’s iShares Bitcoin Trust (IBIT). That pushed the 11-day haul to more than $2.7 billion and lifted cumulative net inflows across the complex past $42 billion—an unprecedented pace for a six-month-old asset class. Related Reading “Over $500mil into iShares Bitcoin ETF…Nearly $2 bil just over past week or so. Inflows 26 of past 27 days. *$7+bil* in new $$$ overall. Given trading volume today, expect these inflow numbers to increase,” ETF Store president Nate Geraci posted on X. Bloomberg’s Eric Balchunas added that IBIT is posting “its 2nd biggest volume day ever today. Classic feeding frenzy in effect, new ATHs will do that, e.g. last time traded this much was 1/23 (last ATH). All the btc ETFs are elevated, most gonna see 2x their average. Flows incoming.” #2 Bitcoin Treasury Companies…
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