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2 min read 02 Nov 2024

Bitcoin climbs global rankings, and does so via blackrock

By Daniele Corno

October closes in green. Bitcoin touches ATH and climbs the world rankings. Blackrock's Bitcoin spot ETF, IBIT, reaches new RECORD

Bitcoin climbs global rankings, and does so via blackrock

Record volumes and price on highs in October

The month of October has come to a close and Bitcoin demonstrates its strength. With11 percent net growth, BTC is approaching its ATH and the market is watching.

The monthly close is the second highest ever, with a price of $70,200, preceded only by the March 2024 close, when the price closed at $71,300, only $1,000 higher than the current close.

Monthly volumes are huge, only on Bitcoin, according to Coinmarketcap reports , volumes traded are over $1.25 trillion, almost equal to Bitcoin’s total market capitalization. About 80 percent of the volumes come from the derivativesmarket , while only about 20 percent are related to the SPOT market.

Volumes on Bitcoin ETFs in October are just over $45 billion, a value still far from the total traded, but scaling rapidly in comparisons to the SPOT market trades.

Bitcoin buyers today switch to Blackrock

In the month of October, ETFs made staggering numbers. In fact, over $5.4 billion was added to the AUM (assets under management) of ETFs.

The truly impressive figure is that almost all of it, $4.6 billion, entered the market through IBIT, Blackrock’s ETF, which currently, has over 433,000 Bitcoins under management.

Therefore, with this AUM, exceeding $30 billion, the IBIT ETF ranks in the global rankings.

In the global ranking of ETFs , which is dominated by SPY, the main benchmark ETF for the Standard & Poor’s 500 Index, IBIT ranks sixty-seventh. This figure highlights the importance that the market and investors attach to Bitcoin, in fact placing IBIT in the top global rankings.

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Resta aggiornato in tempo reale con le notizie importanti, dati e analisi ESCLUSIVE

bitcoin
Bitcoin (BTC) $ 97,600.15
ethereum
Ethereum (ETH) $ 3,304.54
tether
Tether (USDT) $ 0.999864
solana
Solana (SOL) $ 244.21
bnb
BNB (BNB) $ 619.75
xrp
XRP (XRP) $ 1.14
dogecoin
Dogecoin (DOGE) $ 0.387993
usd-coin
USDC (USDC) $ 0.999143
staked-ether
Lido Staked Ether (STETH) $ 3,303.31
cardano
Cardano (ADA) $ 0.805739
tron
TRON (TRX) $ 0.200333
shiba-inu
Shiba Inu (SHIB) $ 0.000025
avalanche-2
Avalanche (AVAX) $ 35.31
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,506.12
wrapped-steth
Wrapped stETH (WSTETH) $ 3,919.66
the-open-network
Toncoin (TON) $ 5.52
sui
Sui (SUI) $ 3.64
bitcoin-cash
Bitcoin Cash (BCH) $ 499.67
weth
WETH (WETH) $ 3,305.76
chainlink
Chainlink (LINK) $ 15.19
pepe
Pepe (PEPE) $ 0.000021
polkadot
Polkadot (DOT) $ 5.93
leo-token
LEO Token (LEO) $ 8.80
stellar
Stellar (XLM) $ 0.244295
near
NEAR Protocol (NEAR) $ 5.67
litecoin
Litecoin (LTC) $ 90.41
aptos
Aptos (APT) $ 12.06
wrapped-eeth
Wrapped eETH (WEETH) $ 3,481.35
uniswap
Uniswap (UNI) $ 9.20
usds
USDS (USDS) $ 0.998264
crypto-com-chain
Cronos (CRO) $ 0.180893
hedera-hashgraph
Hedera (HBAR) $ 0.122610
internet-computer
Internet Computer (ICP) $ 9.31
ethereum-classic
Ethereum Classic (ETC) $ 27.79
bonk
Bonk (BONK) $ 0.000053
kaspa
Kaspa (KAS) $ 0.156003
render-token
Render (RENDER) $ 7.53
bittensor
Bittensor (TAO) $ 493.42
ethena-usde
Ethena USDe (USDE) $ 1.00
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.449159
whitebit
WhiteBIT Coin (WBT) $ 24.41
dai
Dai (DAI) $ 0.998065
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.26
dogwifcoin
dogwifhat (WIF) $ 3.28
mantra-dao
MANTRA (OM) $ 3.50
arbitrum
Arbitrum (ARB) $ 0.744365
monero
Monero (XMR) $ 161.94
blockstack
Stacks (STX) $ 1.96
filecoin
Filecoin (FIL) $ 4.61
vechain
VeChain (VET) $ 0.033596