BlackRock's iShares Bitcoin Trust (IBIT) has achieved a record inflow of $1.12 billion, surpassing its previous high of $872 million set on October 30, 2024. This surge is attributed to increased interest in U.S. spot Bitcoin exchange-traded funds (ETFs) amid rising Bitcoin prices. As the demand for IBIT grows, it has became a leading ETF among its competitors, driven by a favorable economic climate characterized by monetary easing and political certainty. Pav Hundal, a market analyst, noted that funds are accumulating Bitcoin at a rate exceeding its creation by two to one, setting the stage for a potential broad-based crypto rally. The influx of capital is partially influenced by the recent political developments, including President-elect Donald Trump's stance on cryptocurrency, which many in the industry view positively. BlackRock's competitive fee structure further enhances its appeal compared to traditional investment vehicles like Grayscale's GBTC.

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