BlackRock's Bitcoin ETF hits record inflow amid crypto market rally
BlackRock's spot Bitcoin ETF (IBIT) saw an unprecedented inflow of $875 million on October 30, which is the highest since its launch on January 11. This inflow eclipsed the previous record of $849 million set on March 12. The record inflows have sparked discussions among traders, with some forecasting the potential for a billion-dollar inflow day as the crypto market continues to rally. Trader sentiments suggest anticipation for even greater inflow figures, especially as Bitcoin prices rise. The developments highlight the growing interest and confidence in Bitcoin and associated investment products within the broader financial landscape.
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