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

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

As BTC Approaches $100K, Tether mints an additional $3 billion in USDT Tokens

The post As BTC Approaches $100K, Tether mints an additional $3 billion in USDT Tokens appeared first on Coinpedia Fintech News As Bitcoin approached the $100,000 price level, Stablecoin issuer

$495M Worth Crypto Liquidated In The Past 24 Hours Amid Market Correction!

The post $495M Worth Crypto Liquidated In The Past 24 Hours Amid Market Correction! appeared first on Coinpedia Fintech News Bitcoin plunged to the $95,000 level after failing to touch $100,000 on

BTC Slips To $96K, Liquidations Near $500M; Why Is Bitcoin Dropping?

The post BTC Slips To $96K, Liquidations Near $500M; Why Is Bitcoin Dropping appeared first on Coinpedia Fintech News This bull season, Bitcoin has seen one of the biggest price pumps in its history