BlackRock’s Bitcoin ETF Hits Record $875M Inflow

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Cryptodnes2024/11/01 02:55

By:Cryptodnes

BlackRock's spot Bitcoin ETF saw an impressive influx on October 30, with $875 million flowing in, marking its highest single-day intake since its launch in January, as per CoinGlass data.

This new inflow surpasses the previous peak of $849 million recorded on March 12 for the iShares Bitcoin Trust (IBIT).

Bloomberg ETF Analyst Eric Balchunas noted the significance, stating that this record-breaking inflow helped U.S. spot ETFs surpass the milestone of holding over 1 million Bitcoin .

On that day, U.S. ETFs collectively acquired 12,418 Bitcoin. BlackRock leads with 429,129 BTC, followed by Grayscale with 220,415 BTC, and Fidelity holding 188,592 BTC.

Retail Investor Interest Lags Despite Bitcoin’s Rally Toward All-Time High

The BlackRock ETF’s total assets now stand at $29.3 billion, with almost half accumulated within the past month.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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The Block•2025/02/03 20:34