BlackRock's spot Bitcoin ETF has surpassed $1 billion in inflows since its launch in January. On November 7, the ETF (IBIT) reported $1.1 billion in inflows, recovering from two consecutive days of outflows totaling $113.3 million. This surge coincided with Bitcoin reaching new all-time highs of $76,943, as per CoinMarketCap. BlackRock's inflows accounted for nearly 82% of the overall $1.34 billion in daily inflows across all 11 spot Bitcoin ETFs trading in the U.S. ETF analyst Eric Balchunas expressed surprise at the scale of the inflows, indicating it was the largest one-day flow for any Bitcoin ETF recorded. This marks a significant development in the ongoing trend of institutional investment in Bitcoin through ETF offerings.
While we offer lots of free value to the community, our daily intel report (technical analysis, fundraising, token unlocks, and more) is exclusive to pro users.
