BlackRock sees historic $1.1 billion inflow as spot Bitcoin ETFs have best day ever

Share This Post

BlackRock’s IBIT recorded a historic inflow of $1.12 billion on Nov. 7, surpassing previous combined totals for all spot Bitcoin exchange-traded funds. This significant capital movement marks the largest single-day inflow in the history of spot Bitcoin ETFs.

Bitcoin ETF inflows (Source: Coinglass)
Bitcoin ETF inflows (Source: Coinglass)

Other major asset managers also reported notable inflows. Fidelity’s FBTC received $190.9 million, while Bitwise’s BITB increased by $13.4 million. Ark’s ARKB gained $17.6 million on the same day, according to data compiled on Nov. 7. The combined inflow hit $1.37 billion, marking the best day in spot Bitcoin ETF history since they launched in January.

These inflows coincide with Bitcoin breaking the all-time high several times to a peak of $76,900, breaking previous records twice since the US presidential election on Nov. 5. The surge in Bitcoin’s price and ETF inflows suggests increased institutional interest following the election results.

The ETF’s unprecedented inflow outpaced the previous combined total for all similar funds, signaling a potential shift in institutional investment strategies following Trump’s win.

The post BlackRock sees historic $1.1 billion inflow as spot Bitcoin ETFs have best day ever appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

XRP Price Reaches 3-Year High At $1.6 – 2 Ways It Can Go From Here

The XRP price recently surged to a three-year high of $16, marking a significant milestone in the cryptocurrency’s recent bullish rally This remarkable price movement has garnered the attention

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

In the past week, the crypto market has been buzzing with action, with bitcoin smashing its way to a new all-time high of $99,800 per coin on Thursday Data reveals an intriguing dynamic during this

XRP Analyst Sets $2 Target If It Holds Key Level – Can It Reach Multi-Year Highs?

XRP has emerged as a standout leader in the recent crypto rally, delivering massive gains and fueling optimism among investors The price has skyrocketed by an astonishing 225% in under three weeks,

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week In this issue, Max Keiser floats an idea to allow El Salvador to acquire

XRP Below $1? Not Happening, Claims Millionaire Analyst

Ripple’s XRP has traded below the $1 level for nearly three years, affected primarily by the cases filed by the US Securities and Exchange Commission (SEC) Even during the mini bull run immediately

Howard Lutnick’s Firm, Cantor Fitzgerald To Work With Tether For $2B Project

The post Howard Lutnick’s Firm, Cantor Fitzgerald To Work With Tether For $2B Project appeared first on Coinpedia Fintech News As per the latest Bloomberg report, Financial services firm Cantor