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

Trump and Musk’s Proposed ‘D.O.G.E’ Agency Sends This Meme Coin Soaring

With Donald Trump winning the presidential election and Elon Musk set to head the administration’s newly proposed Department of Government Efficiency (DOGE) agency, a meme coin with the same

As Trump Backs Crypto, XYZ Could Become a Major Player Alongside Solana (SOL) and Cardano (ADA)

The post As Trump Backs Crypto, XYZ Could Become a Major Player Alongside Solana (SOL) and Cardano (ADA) appeared first on Coinpedia Fintech News With notable figures like Donald Trump showing

DOGE News Update: Spirit Blockchain Capital Fully Acquires Dogecoin Portfolio Holdings to Strengthen its Web3 Investments

The post DOGE News Update: Spirit Blockchain Capital Fully Acquires Dogecoin Portfolio Holdings to Strengthen its Web3 Investments appeared first on Coinpedia Fintech News In a surprising move,

FTX Sues Crypto.com To Recover $11.4 Million!

The post FTX Sues Cryptocom To Recover $114 Million! appeared first on Coinpedia Fintech News As per the latest updates FTX has sued cryptocom Notably, Alameda had an account in Cryptocom before the

These 2 Meme Coins To Outrun Top Altcoins With A 5X – 10X Surge?

The post These 2 Meme Coins To Outrun Top Altcoins With A 5X – 10X Surge appeared first on Coinpedia Fintech News The memecoin market has taken over the crypto space by recording a massive

Are Toncoin (TON) and Shiba Inu (SHIB) Good Investments? This New DeFi Token Could Hit 75X Gain by 2025

The post Are Toncoin (TON) and Shiba Inu (SHIB) Good Investments This New DeFi Token Could Hit 75X Gain by 2025 appeared first on Coinpedia Fintech News The crypto market exploded after Donald