BLK - Bitcoin Touches $71K Amid 'Unprecedented Inflow Access For Traditional Capital' | Benzinga
Bitcoin (CRYPTO: BTC) prices are on a tear, approaching record highs after BlackRock‘s (NYSE:BLK) Bitcoin spot ETF achieved record-breaking inflows.
The price of Bitcoin touched $70,999 earlier today, currently sitting at $70,576, up 2.1% over the past 24 hours.
Other major cryptocurrencies also saw gains, with Ethereum (CRYPTO: ETH) at $3,822 (up 1.3%), Binance Coin (CRYPTO: BNB) at $666 (up 7.3%), and Solana (CRYPTO: SOL) at $168.8 (up 2.1%).
ETF Boom Fuels Bitcoin Adoption
The rapid growth of BlackRock’s Bitcoin ETF has been a key driver of the current rally. This ETF crossed the $20 billion mark in assets under management faster than any other ETF ...