BlackRock Bitcoin ETF: 11 Billion Inflows as Spot Bitcoin ETFs Experience Historic Day

BlackRock’s IBIT recently saw a record inflow of $1.12 billion on November 7, making it the largest single-day inflow in the history of spot Bitcoin ETFs. This significant increase in capital is part of a larger trend, with other major asset managers reporting notable inflows as well. Fidelity’s FBTC received $190.9 million, Bitwise’s BITB increased by $13.4 million, and Ark’s ARKB gained $17.6 million on November 7, with the combined inflow reaching $1.37 billion.

This marks the best day in spot Bitcoin ETF history since their launch in January. The surge in Bitcoin’s price and ETF inflows is believed to be a result of increased institutional interest following the US presidential election. The unprecedented inflow for BlackRock’s IBIT outpaced the previous combined total for all similar funds, indicating a potential shift in institutional investment strategies due to Trump’s victory.

Source

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