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- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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#WebX2025# #Gate# - Gate Launches GUSD!
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🗣 Bitcoin price explodes after massive $250 million purchase!📈🚀
✔️ On February 10, 2024, a massive purchase of bitcoin worth nearly $250 million by BlackRock's iShares fund caused the price of the crypto to jump. This movement is part of a global dynamic of record purchases by ETFs in recent weeks, reflecting the voracious appetite of institutional investors to gain exposure to Bitcoin without directly holding it.
👉 Historic crypto purchase volumes
✔️ On February 10 alone, iShares acquired nearly $250 million worth of Bitcoin, or more than 5,200 BTC, on behalf of its ETF. At the same time, 8 other Bitcoin ETFs purchased the equivalent of an additional $300 million, or more than 6,400 BTC.
✔️ In the month of February alone, more than $2.7 billion flowed into these listed index funds, allowing them to quickly accumulate large stocks of Bitcoin. A sign of investor enthusiasm for this new crypto exposure tool.
#Gate Post Highlights# #ContentStar# #比特币# #BountyCreator# #HotTopicDiscussion# #GateioBountyCreator# #Crypto #