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https://www.gate.com/announcements/article/45974
The Bitcoin ETF has recently become the focus of attention for investors again. According to the latest statistics, these Bitcoin-related funds attracted approximately $131 million in inflows in just one day, equivalent to about 900 million RMB.
Among many funds, BlackRock's IBIT fund stands out particularly. The fund attracted $92.83 million in a single day, equivalent to about 660 million RMB. Even more noteworthy is that since its establishment, the IBIT fund has cumulatively attracted $57.24 billion in funds, amounting to over 400 billion RMB, demonstrating an astonishing appeal.
This phenomenon reflects that institutional investors still maintain a high level of confidence in the Bitcoin market. However, for ordinary investors, a cautious attitude is still required:
First, the large-scale entry of institutions does not necessarily mean that investments will be profitable. Second, Bitcoin's price is highly volatile, and daily fluctuations of up to 10% are not uncommon. Finally, investors should reasonably allocate their assets based on their financial situation and avoid putting all their funds into a single market.
Nonetheless, the influx of a large amount of funds will undoubtedly have an impact on Bitcoin prices. However, the direction of the cryptocurrency market remains full of uncertainty. Investors should strengthen their research and analysis of the market, rationally view the investment returns of others, and make investment decisions that align with their own circumstances.