BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) has set a new record for inflows, reaching $1.12 billion, surpassing its previous record of $872 million. This record was set when Bitcoin reached an all-time high of $76,677 across major exchanges on November 7. BlackRock’s IBIT net assets now account for $34.29 billion, significantly pushing it ahead of its competitors.
The growing institutional interest in Bitcoin underscores its increasing recognition as a trusted asset class, driven by rising global demand and mainstream adoption.
