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#Join Year-end Community Gala & Win Mega Prizes As macroeconomic concerns in the US led to a sharp decline in Bitcoin (BTC) and altcoins, with Bitcoin falling to around $46,000 and Ethereum dropping to approximately $3,000, ETFs were also impacted by this downturn. Despite the overall market struggles, there was a notable increase in spot Bitcoin and Ethereum ETFs, with Bitcoin ETFs seeing a rise of 4% and Ethereum ETFs increasing by 3.5%.
However, BlackRock managed to stabilize the situation. While other ETFs experienced significant outflows, BlackRock iShares held its ground, with its Bitcoin ETF maintaining a stable price above $45,000, continuing to perform well amidst the broader market volatility.
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