BlackRock’s Bitcoin exchange-traded fund (ETF) saw a record-breaking $1.1 billion inflows on Nov. 7. This followed two consecutive days of outflows totaling $113.3 million. On the same day, Bitcoin reached a new high of $76,943, according to CoinMarketCap data. IBIT’s inflows accounted for almost 82% of the $1.34 billion total daily inflows across 11 U.S.-listed spot Bitcoin ETFs. Bloomberg ETF analyst Eric Balchunas said he was surprised by the size of these inflows. What do you think of this development? Share your thoughts in the comments.