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10x Research: Bitcoin has risen 57% this year, and the crypto market is expected to further consolidate and grow

2024-07-24 09:06
Odaily News 10x Research said in its latest market analysis report that BlackRock IBIT has received $19 billion in inflows so far this year, making it the fourth-best performing ETF of the year. The top three are: Vanguard's SP500 ETF with inflows of $49.9 billion, BlackRock's SP500 ETF with inflows of $34 billion, and Vanguard's Total Stock Market ETF with inflows of $19.7 billion; Invesco's QQQ Nasdaq ETF followed closely with inflows of $18.9 billion. Driven by the spot ETF boom, Bitcoin has risen 57% year-to-date. Looking ahead, potentially more transformative events are about to take place, and Bitcoin and the broader crypto market are expected to further integrate and grow.